Top stocks that SBI Mutual Fund bought and sold in April 2022
It's a good idea to start your investigation by looking at what stocks the large fund houses are buying and selling. In this post, we will highlight the top stocks bought and sold by SBI Mutual Fund in April 2022.
With a quarterly average Assets Under Management (AUM) of Rs 6.47 lakh crore in March 2022, SBI Mutual Fund is the largest Asset Management Company (AMC). The AUM has increased by 3 per cent as compared to the December 2021 quarter.
As a result, looking at what stocks SBI mutual fund is buying and selling might be a valuable screener for further investigating stocks. In this post, we will explore the top 10 stocks purchased and sold by SBI Mutual Fund. The SBI Mutual Fund made a net buy of around Rs 3.68 lakh crore and a net sale of approximately Rs 9,058 crore.
The top stocks purchased and sold by SBI Mutual Fund in April 2022 are shown below.
Company
|
Net Buying (Rs Crore)
|
ICICI Bank Ltd.
|
44,391
|
Reliance Industries Ltd.
|
42,441
|
Infosys Ltd.
|
27,366
|
State Bank of India
|
20,636
|
Bharti Airtel Ltd.
|
19,297
|
Tata Consultancy Services Ltd.
|
19,272
|
HDFC Bank Ltd.
|
18,600
|
Housing Development Finance Corp Ltd.
|
16,257
|
ITC Ltd.
|
11,444
|
Company
|
Net Selling (Rs Crore)
|
Crompton Greaves Consumer Electricals Ltd.
|
-2,516
|
Bharat Electronics Ltd.
|
-2,292
|
Adani Enterprises Ltd.
|
-1,538
|
Adani Ports & Special Economic Zone Ltd.
|
-653
|
ICICI Lombard General Insurance Co Ltd.
|
-452
|
Tata Power Co Ltd.
|
-371
|
Biocon Ltd.
|
-265
|
The Federal Bank Ltd.
|
-261
|
Lupin Ltd.
|
-192
|
SBI Mutual Fund's net buy was in companies such as ICICI Bank, Reliance Industries, Infosys, State Bank of India, and others, as seen in the table above. Because the Employee Provident Fund Organisation (EPFO) invests in index funds and ETFs, these Large-Cap businesses may be at the top of AMC's buying list.
SBI Mutual Fund, on the other hand, sold Crompton Greaves Consumer Electricals, Bharat Electronics, Adani Enterprises, Adani Ports & Special Economic Zone, and other stocks.