Stocks attracting fund managers in September 2020

In the month of September 2020, the technology sector gained over other sectors to be on the top of the fund managers’ buying list, followed by media & communications, financials, automobile & ancillaries sector.

So, if we look at the above table, then we can see that in the month of September2020, the technology sector has come in the top five sectors' preference list of fund managers. The total approximate buying done in the technology sector is Rs 5,075 crore. In the technology sector also, Tata Consultancy Services Ltd and Computer Age Management Services Ltd have made its way to the top five buying with a total approximate buying value of Rs 1,576 crore.

Further, if we look at the total sector-wise buying done in the month of September 2020, then the technology sector has been on the top, followed by media & communications, financials, automobile & ancillaries, and FMCG sector with approximate buying of Rs 5,074.97 crore, Rs 3,065.47 crore, Rs 2,332.42 crore, Rs 2,149.11 crore, and Rs 1,899.73 crore, respectively.

Meanwhile, if we look at the total buying done in the month of September 2020 market cap-wise, then large-cap is at the top, followed by small-cap and mid-cap with approximate buying value of Rs 11,020.91 crore, Rs 5,084.91 crore, and Rs 4,508.35 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.