Stocks attracting fund managers in January 2022

Stocks attracting fund managers in January 2022

Shashikant Singh

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.

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