Mutual Fund Update: Stocks sold by fund managers in August 2019
In our last update, we had listed top 5 stocks that attracted fund manager in the month of August 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) |
| NIIT Technologies Ltd. | Technology | Small-Cap | Aug-19 | 56,92,009 | 768.17 |
| Maruti Suzuki India Ltd. | Automobile and Ancillaries | Large-Cap | Aug-19 | 9,32,140 | 540.34 |
| Zee Entertainment Enterprises Ltd. | Media and Communications | Large-Cap | Aug-19 | 1,31,04,983 | 481.41 |
| Infosys Ltd. | Technology | Large-Cap | Aug-19 | 53,73,961 | 432.21 |
| Hero MotoCorp Ltd. | Automobile and Ancillaries | Large-Cap | Aug-19 | 16,33,910 | 402.61 |
In the month of August 2019, the top five stocks that the fund managers sold are majorly from the technology and automobile and ancillaries’ sectors, followed by media and communications sectors.
If we look sector-wise, then financials sector seems to be on the top, with approximate sell value of Rs. 2,350.37 crore, followed by technology and automobile and ancillaries’ sector with approximate sell value of Rs. 1,512.92 crore and Rs. 1,273.39 crore, respectively.
Now if we take a look market cap-wise, then this time around large-cap witnessed highest selling with approximate sell value of Rs. 5,618.32 crore, and was followed by mid-cap and small-cap segments with approximate sell value of Rs. 3,115.67 crore and Rs. 1,694.46 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 recommendation to buy or sell. It is always advisable to have a financial plan in place that must be followed with discipline and investments in mutual funds should be based on your individual risk assessment.