Top Stocks Bought and Sold By Mutual Funds In December 2024

Discover December 2024's mutual fund trends, highlighting major stock purchases like Reliance and Zomato, and notable sell-offs like HDFC Bank and ITC.

The domestic mutual fund industry witnessed substantial growth in December, with assets under management (AUM) reaching Rs 66.93 lakh crore, a year-on-year growth of 31.81 per cent. The industry also experienced an increase in investor participation, with the total folio count rising to 22.50 crore, marking a growth of 36.46 per cent compared to the previous year.

Equity-oriented schemes reported significant inflows, with the second-highest monthly inflow recorded at Rs 41,156 crore. Among equity funds, Mid-Cap funds posted their highest-ever monthly inflow, while Small-Cap funds experienced their highest inflow in the past 18 months, highlighting strong investor interest in these segments.

The assets of income- and debt-oriented schemes stood at Rs 15.67 lakh crore, a decline of 7.01 per cent year-on-year. Notably, fund categories with maturities under one year accounted for 95 per cent of the outflows in this segment. These outflows were largely attributed to quarter-end redemptions by corporates and banks to meet advance tax obligations.

Hybrid schemes maintained steady AUM at Rs 8.77 lakh crore, similar to the previous month. This segment saw inflows of Rs 4,370 crore, primarily driven by multi-asset allocation funds, reflecting a continued preference for diversified investment options.

Passive funds recorded inflows of Rs 784 crore, marking the 50th consecutive month of positive net flows into this segment since October 2020. This demonstrates a consistent investor interest in passive investment strategies.

Systematic Investment Plan (SIP) contributions continued to grow, with inflows reaching Rs 26,459 crore in December, representing a 4.5 per cent increase from the previous month. This robust trend underlines the growing popularity of disciplined and systematic investing among retail investors.

What Mutual Funds Bought?

Source: Rupeevest.com

In December 2024, mutual funds made notable investments in Large-Cap stocks. Reliance Industries saw the highest purchase with a value of Rs 5,664.41 crore, followed by Axis Bank at Rs 3,227.62 crore in the financial sector. Zomato in retail and other services attracted Rs 2,379.9 crore, while Cipla in healthcare saw an investment of Rs 2,348.13 crore. JIO Financial Services witnessed purchases worth Rs 1,601.22 crore.

In the mid-cap category, Vishal Mega Mart in retail and other services attracted the highest investment of Rs 4,168.91 crore, followed by Torrent Power in energy with Rs 2,344.3 crore. Godrej Properties in construction and Bharat Forge in the automobile and ancillaries sector saw purchases of Rs 1,423.98 crore and Rs 1,221.4 crore, respectively. IndusInd Bank in financials witnessed investments worth Rs 1,222.84 crore.

Among small-cap stocks, PG Electroplast in consumer durables led with Rs 1,685.49 crore, followed by Sai Life Sciences in healthcare with Rs 1,601.85 crore. International Gemmological Institute attracted Rs 1,088.56 crore in the miscellaneous sector, while Nuvama Wealth Management and TBO Tek Ltd. saw additions of Rs 746.15 crore and Rs 678.47 crore, respectively.

What Mutual Funds Sold?

Source: Rupeevest.com

In the large-cap category, mutual funds sold HDFC Bank (Rs 1,292.17 crore), Samvardhana Motherson International (Rs 1,065.75 crore), ITC Ltd. (Rs 1,027.34 crore), Hindustan Aeronautics (Rs 968 crore), and Titan Company (Rs 892.37 crore).

In the mid-cap category, Cummins India saw sell-offs amounting to Rs 609.04 crore, followed by Muthoot Finance (Rs 395.09 crore), Fortis Healthcare (Rs 389.74 crore), Max Healthcare Institute (Rs 370.63 crore), and Mphasis (Rs 346.48 crore).

In the small-cap category, mutual funds sold RBL Bank (Rs 282.9 crore), Manappuram Finance (Rs 273.9 crore), Star Health and Allied Insurance (Rs 243.68 crore), Affle (India) (Rs 223.75 crore), and Aditya Birla Sun Life AMC (Rs 190.5 crore).

Disclaimer: The article is for informational purposes only and not investment advice.