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.