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Mutual Fund Update: Stocks that witnessed selling pressure from fund managers in April 2019

Henil Shah
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Mutual Fund Update: Stocks that witnessed selling pressure from fund managers in April 2019

In our last update, we listed the top 5 stocks that attracted fund managers in the month of April 2019. Now, let us have a look at top 5 stocks that witnessed a lot of selling from fund managers.


Stock Name

Sector

Classification

Month

Net Qty Sold

Approx. Sell Value (In Cr)

Coal India Ltd.

Energy

Large-Cap

Apr-19

8,14,58,011

1,992.91

Oil & Natural Gas Corporation Ltd.

Energy

Large-Cap

Apr-19

11,90,76,920

1,958.48

Indian Oil Corporation Ltd.

Energy

Large-Cap

Apr-19

5,59,74,576

898.06

Maruti Suzuki India Ltd.

Automobile and Ancillaries

Large-Cap

Apr-19

13,40,433

893.97

Housing Development Finance Corporation Ltd.

Financials

Large-Cap

Apr-19

41,81,982

828.71



In the month of April 2019, the top five stocks that fund managers sold are majorly from energy sector, followed by automobile and ancillaries’ sector and financial sector.

If we look purely sector-wise, then energy sector seems to be on the top, with approximate sale value of Rs 5,905.65 crore, followed by financials and automobile and ancillaries’ sector with approximate sale value of Rs 4,726.77 crore and 1,726.19 crore, respectively.

Now, if we look market cap-wise, then large-caps witnessed highest selling with approximate sale value of Rs 13,395.44 crore, followed by mid-caps and small-caps, with approximate sale value of Rs 2,411.32 crore and Rs 1,661.24 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. It is by no means a recommendation to buy or sell. It is always advisable to have financial plan in place which must be followed with discipline. Also, investments in mutual funds should be made based on your individual risk assessment.

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