Mutual Fund Update: Stocks that attracted fund managers in August

If we look at the July 2019 data, then we find that financials sector was the top sector to mark highest buying by the fund managers. Even in the month of August 2019, financials sector continued to be the most preferred sector in the fund managers’ buying list. Financials sector was followed by energy, automobile and ancillaries, and FMCG sectors.

Now, the above table shows that in the month of August 2019, financial sector witnessed total buying of Rs. 6,353.41 crores approximately. In the financials sector, HDFC Bank Ltd., ICICI Bank Ltd., Housing Development Finance Corporation Ltd. and Axis Bank Ltd. have made their way to the top with approximate buying of Rs. 2,374.05 crores, Rs. 1,419.42 crores, Rs. 1,327.38 crores and Rs. 1,232.56 crores respectively.

If we look at the total sector-wise buying in the month of August 2019, then financials have been on the top followed by energy, automobile and ancillaries’, FMCG and technology sector with approximate buying of Rs. 10,296.47 crores, Rs. 5,893.01 crores, Rs. 2,056.84 crores, Rs. 1,661.85 and Rs. 1,549.55 crores respectively.

If we look at the total market cap-wise buying in the month of August 2019, then large-cap segment was at the top, followed by mid-cap and small-cap with approximate buying of Rs. 22,139.77 crores, Rs. 5,414.42 crores and Rs. 2,123.76 crores 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 that must be followed with discipline and investments in mutual funds must be based on your individual risk assessment.