Top five mutual fund companies in India are weighing on these stocks

Top five mutual fund companies in India are weighing on these stocks

Henil Shah

Mutual funds were net purchasers, while FIIs were net sellers. Here are the top stocks that were favoured by India's top five mutual fund companies.

We can see from the FII (Foreign Institutional Investors) and DII (Domestic Institutional Investors) data that DIIs were primarily net purchasers, while FIIs were net sellers.

 

Date

Net Purchase/Sales in Cash Market (in Rs Crore)

FII

DII

Jul-22*

-9,118.83

6,863.98

Jun-22

-58,112.37

46,599.23

May-22

-54,292.47

50,835.54

Apr-22

-40,652.71

29,869.52

Mar-22

-43,281.31

39,677.03

Feb-22

-45,720.07

42,084.07

Jan-22

-41,346.35

21,928.40

Dec-21

-35,493.59

31,231.05

Nov-21

-39,901.92

30,560.27

Oct-21

-25,572.19

4,470.99

* Data as on July 13, 2022

 

As shown in the table above, FIIs have been net sellers while DIIs have been net purchasers since October 2021. However, the intensity of selling appears to be easing in July 2022, as we can see from the month to date, FIIs sold significantly less than in previous months.

 

However, there are only a handful of stocks that have been preferred by India's top five mutual fund firms. We will cover the top five stocks of SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, and UTI MF in this post.

 

SBI Mutual Fund

 

Net Buying in the month of June 2022

Company Name

Market Value (Rs Crore)

Reliance Industries Ltd.

54,300

Infosys Ltd.

49,088

HDFC Bank Ltd.

26,858

ICICI Bank Ltd.

25,034

Housing Development Finance Corp Ltd.

23,915

 

ICICI Prudential Mutual Fund

 

Net Buying in the month of June 2022

Company Name

Market Value (Rs Crore)

Infosys Ltd.

89,217

Bharti Airtel Ltd.

76,634

Reliance Industries Ltd.

41,205

Sun Pharmaceuticals Industries Ltd.

38,078

HDFC Bank Ltd.

27,673

 

HDFC Mutual Fund

 

Net Buying in the month of June 2022

Company Name

Market Value (Rs Crore)

Infosys Ltd.

22,555

Housing Development Finance Corp Ltd.

14,064

Tata Consultancy Services Ltd.

12,821

HDFC Bank Ltd.

9,220

Indian Hotels Co Ltd.

7,916

 

Nippon India Mutual Fund

 

Net Buying in the month of June 2022

Company Name

Market Value (Rs Crore)

Infosys Ltd.

14,586

State Bank of India

9,201

Reliance Industries Ltd.

8,801

Axis Bank Ltd.

8,280

Oil & Natural Gas Corp Ltd.

7,446

 

UTI Mutual Fund

 

Net Buying in the month of June 2022

Company Name

Market Value (Rs Crore)

Infosys Ltd.

23,441

ICICI Bank Ltd.

18,973

Reliance Industries Ltd.

18,474

Bajaj Finance Ltd.

10,359

Tata Consultancy Services Ltd.

9,378

 

Here we can notice that stocks like Infosys, Reliance Industries and HDFC Bank were the top picks from these five asset management companies (AMC).

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