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

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

In our last update, we listed the top 5 stocks that attracted fund manager in the month of May 2019. Now let us have a look at the 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)

Infosys Ltd.

Technology

Large-Cap

May-19

1,22,03,319

909

State Bank of India

Financials

Large-Cap

May-19

2,09,61,201

694

ICICI Lombard General Insurance Co. Ltd.

Financials

Large-Cap

May-19

60,85,691

691

UPL Ltd.

Chemicals

Large-Cap

May-19

56,01,260

551

Havells India Ltd.

Capital Goods

Large-Cap

May-19

67,51,421

514


This time around in the month of May 2019, the top five stocks that fund managers sold are majorly from the financials sector, followed by the technology sector and chemical sector.

If we look purely sector-wise, then financials sector seems to be on the top with an approximate sell value of Rs. 3,981.68 crore, followed by technology and energy sector with approximate sell value of Rs. 1,969.89 crore and 1,508.60 crore, respectively.

Now if we take a look market cap-wise, then large-cap witnessed the highest selling with approximate sell value of Rs. 7,934.12 crore followed by mid-cap and small-cap with approximate sell value of Rs. 2,574.46 crore and 2,008.61 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 discipline and investments in mutual funds being made to be based on your individual risk assessment.

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