Stocks attracting fund managers in June 2020
In the month of June 2020, the financials sector gained over other sectors to be on the top of the fund managers’ buying list followed by fast-moving consumer goods (FMCG), media and communications as well as the energy sector.
|
Stock Name
|
Sector
|
Asset Class
|
Net Qty Bought
|
Approx. Buy Value (In crore)
|
|
Kotak Mahindra Bank Ltd
|
Financials
|
Large-Cap
|
2,13,94,405
|
2,764.58
|
|
Bharti Airtel Ltd
|
Media and Communications
|
Large-Cap
|
3,51,01,841
|
1,952.43
|
|
SBI Life Insurance Company Ltd
|
Financials
|
Large-Cap
|
1,45,11,718
|
1,142.87
|
|
Hindustan Unilever Ltd
|
FMCG
|
Large-Cap
|
33,12,589
|
701.83
|
|
HDFC Life Insurance Co Ltd
|
Financials
|
Large-Cap
|
1,30,35,583
|
698.84
|
By looking at the above table, we can say that in the month of June 2020, the Financials sector has come in the top five sector preference of the fund managers with a total approximate buying of Rs 7,087 crore. In the Financials sector also, Kotak Mahindra Bank Ltd, SBI Life Insurance Company Ltd and HDFC Life Insurance Co Ltd have made its way to the top five buying with a total approximate buying value of Rs 4,606.29 crore.
If we look at the total sector-wise buying done in the month of June 2020, then Financials sector has been on the top followed by FMCG, media and communications, energy, and healthcare sector with an approximate buying of Rs 7,087 crore, Rs 2,961.05 crore, Rs 2,073.66 crore, Rs 1,918.04 crore and Rs 1,275.59 crore, respectively.
If we look at the total buying done in the month of June 2020 market cap-wise then, large-cap is at the top, followed by mid-cap and small-cap with an approximate buying value of Rs 15,330.92 crore, Rs 2,796.68 crore and Rs 1,143.87 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, 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.