MF Update: Stocks that attracted fund managers in March
If we look at the February 2019 data, the financial sector was among the top buys of fund managers. However, the story is something different in the month of March 2019, this time around the energy sector has replaced the financial sector to be in the top of fund managers buying list, followed by financial, FMCG (Fast Moving Consumer Goods), media and communication sector.
| Stock Name | Sector | Asset Class | Month | Net Qty Bought | Approx. Buy Value (In Cr) |
| NTPC Ltd. | Energy | Large-Cap | Mar-19 | 14,88,51,527 | 1,879 |
| Coal India Ltd. | Energy | Large-Cap | Mar-19 | 6,75,43,965 | 1,572 |
| ONGC Ltd. | Energy | Large-Cap | Mar-19 | 9,96,65,631 | 1,537 |
| ICICI Prudential Life Insurance Company Ltd. | Financials | Large-Cap | Mar-19 | 3,58,76,757 | 1,202 |
| Vodafone Idea Ltd. | Media and Communications | Large-Cap | Mar-19 | 65,08,46,474 | 1,171 |
If we look at the above table, we see that in the month of March 2019, the energy sector has reclaimed its position to be on the top of fund managers buying list with the total approximate buy of Rs. 6,554 crore. In the energy sector, NTPC, Coal India and ONGC have made their way to the top with approximate buying of Rs. 1,879 crore, Rs. 1,572 crore and Rs. 1,537 crore, respectively.
If we look at the total buying done in the month of March 2019 sector-wise, energy has been on the top followed by financial, FMCG, media & communications and automobile & ancillaries with approximate buying of Rs. 6,554 crore, Rs. 5,794 crore, Rs. 2,298 crore, Rs. 1,624 crore and Rs. 1,244 crore, respectively.
If we look at the total buying done in the month of March 2019 market cap-wise, we find that large-cap topped the chart, followed by mid-cap and small-caps with approximate buying of Rs. 14,335 crore, Rs. 6,081 crore and Rs. 2,898 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund managers approach and it in no means is a recommendation to buy or sell. It is always advisable to have a financial plan in place which must be followed with strict discipline. Investments in mutual funds should be based on your individual risk assessment.