Mutual Fund Update: Stocks that witnessed selling pressure from fund managers in June 2019
In our last update, we listed the top 5 stocks that attracted fund manager in the month of June 2019. Now let us have a look at the 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) |
| UPL Ltd. | Chemicals | Large-Cap | Jun-19 | 61,69,355 | 597.32 |
| Power Grid Corporation of India Ltd. | Energy | Large-Cap | Jun-19 | 2,10,79,020 | 417.56 |
| Apollo Tyres Ltd. | Automobile and Ancillaries | Mid-Cap | Jun-19 | 2,09,50,946 | 413.86 |
| Oil & Natural Gas Corporation Ltd. | Energy | Large-Cap | Jun-19 | 2,42,75,644 | 412.31 |
| Tata Steel Ltd. | Metals | Large-Cap | Jun-19 | 82,71,929 | 410.57 |
This time around in the month of June 2019 the top five stocks that fund managers sold are majorly from the financials sector, followed by energy and chemicals sectors.
If we look purely sector-wise then financials sector seems to be on the top with approximate sell value of Rs. 2,298.01 crore followed by energy and chemicals sector with approximate sell value of Rs. 2,133.61 crore and 918.16 crore, respectively.
Now if we take a look market cap-wise then large-cap witnessed the highest selling with approximate sell value of Rs. 4,802.10 crore followed by mid-cap and small-cap with approximate sell value of Rs. 2,866.97 crore and 2,171.70 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund manager's approach and it in no means is 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 must be made based on your individual risk assessment.