Stocks attracting fund managers in January 2022
Month of January 2022 saw financial and information technology as favourite sectors among domestic fund managers.
In the month of January 2022, financial and information technology was the sector where most of the investment was attracted by domestic fund managers. These two sectors were on the top of the fund managers’ buying list.
Top 10 companies among the large-cap where MFs were met buyers in January 2022
|
Stock Name
|
Sector
|
Net Qty Bought
|
Approx. Buy Value (In Rs. cr) *
|
|
HDFC Bank Ltd.
|
Financials
|
22514740
|
3337.95
|
|
Tech Mahindra Ltd.
|
Technology
|
10481544
|
1713.51
|
|
HCL Technologies Ltd.
|
Technology
|
14045446
|
1698.41
|
|
Housing Development Finance Corporation Ltd.
|
Financials
|
5406779
|
1380.76
|
|
Bajaj Finance Ltd.
|
Financials
|
1842998
|
1288.04
|
|
ICICI Bank Ltd.
|
Financials
|
13051350
|
997.76
|
|
Reliance Industries Ltd.
|
Energy
|
3493376
|
830.5
|
|
IndusInd Bank Ltd.
|
Financials
|
8498162
|
747.91
|
|
Larsen & Toubro Ltd.
|
Infrastructure
|
3455731
|
657.45
|
|
Ultratech Cement Ltd.
|
Construction
|
879730
|
651.33
|
The above table shows that in the month of January 2022, among large cap, mutual funds preferred the financial sector including banks. In the top ten, there are five companies from the financial sector including some of the largest names in the industry. The total approximate buying done in the financial sector in large cap in these five stocks is around Rs 7752 crore in January 2022.
The trend is not different for Midcap stocks. Even among mid-cap fund managers financials remain favourite of mutual funds. Four companies in the top 10 are from the financial sector.
Top 10 companies among Midcap where MFs were net buyers in January 2022
|
Stock Name
|
Sector
|
Net Qty Bought
|
Approx. Buy Value(In Rs. cr) *
|
|
Tata Communications Ltd.
|
Media and Communications
|
4769811
|
655.31
|
|
Max Financial Services Ltd.
|
Financials
|
4483966
|
433.26
|
|
Zee Entertainment Enterprises Ltd.
|
Media and Communications
|
12958947
|
395.48
|
|
LIC Housing Finance Ltd.
|
Financials
|
9041525
|
341.32
|
|
Cholamandalam Investment and Finance Company Ltd.
|
Financials
|
5753334
|
330.79
|
|
Bandhan Bank Ltd.
|
Financials
|
11531613
|
327.64
|
|
Max Healthcare Institute Ltd.
|
Healthcare
|
7903238
|
320.22
|
|
Procter & Gamble Hygiene and Health Care Ltd.
|
FMCG
|
181966
|
274.89
|
|
PI Industries Ltd.
|
Chemicals
|
904084
|
247.16
|
|
Hindustan Aeronautics Ltd.
|
Travel
|
1834253
|
243.44
|
Fund managers of small-cap stocks bought into shares of diversified sectors and no single sector dominated the buying list.
Top 10 companies among Smallcap where MFs were net buyers in October 2021
|
Stock Name
|
Sector
|
Net Qty Bought
|
Approx. Buy Value(In Rs. cr) *
|
|
Delta Corp Ltd.
|
Miscellaneous
|
8571074
|
223.71
|
|
Fino Payments Bank Ltd.
|
Financials
|
3646425
|
210.4
|
|
Gokaldas Exports Ltd.
|
Textile
|
10023606
|
205.61
|
|
City Union Bank Ltd.
|
Financials
|
11931202
|
194.36
|
|
Prince Pipes and Fittings Ltd.
|
Consumer Durables
|
2194894
|
155.97
|
|
The India Cements Ltd.
|
Construction
|
6405040
|
130.15
|
|
RBL Bank Ltd.
|
Financials
|
6649689
|
123.5
|
|
Sheela Foam Ltd.
|
FMCG
|
482470
|
116.02
|
|
Multi Commodity Exchange Of India Ltd.
|
Financials
|
548652
|
92.24
|
|
PCBL Ltd.
|
Chemicals
|
3161759
|
76.99
|
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 is by no means, 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.