SBI Mutual Fund bought and sold these top stocks in January 2023
SBI Mutual Fund still holds the top position as far as AUM is concerned. In this article, we have listed the top stocks that SBI Mutual Fund bought and sold in January 2023.
S&P BSE Sensex continued to decline even in January 2023. In January 2023, S&P BSE Sensex, S&P BSE Mid-Cap Index and S&P BSE Small-Cap Index returned negative 2.12 per cent, 2.65 per cent and 2.49 per cent, respectively. On the sectoral front, automobile and IT were the top performers in January 2023 while energy, oil & gas and telecom were the bottom performers.
Investing in equity mutual funds has become increasingly popular in recent years, with the steady influx of systematic investment plan (SIP) flows indicating a growing interest in this asset class.
Despite recent volatility in Indian stock markets, January 2023 saw the highest net inflows of funds in the past four months with equity mutual funds attracting a whopping Rs 12,546.51 crore. This was a significant increase from the inflows seen in the previous three months. This comes on the back of a strong September 2022, when equity mutual funds witnessed an inflow of Rs 14,099.73 crore.
Looking at the quarterly Average Assets Under Management (AAUM), SBI Mutual Fund holds the top position, followed by ICICI Mutual Fund and HDFC Mutual Fund. Following is the list of the top 10 fund houses with the highest quarterly AAUM as of December 2022.
|
AMC Name
|
Quarterly AAUM (Rs Crore) as on December 2022
|
|
SBI Funds Management Ltd.
|
8,65,308.82
|
|
ICICI Prudential Asset Management Company Ltd.
|
5,05,105.22
|
|
HDFC Asset Management Company Ltd.
|
4,39,258.03
|
|
Nippon Life India Asset Management Ltd.
|
2,94,811.25
|
|
Aditya Birla Sun Life AMC Ltd.
|
2,82,049.78
|
|
Kotak Mahindra Asset Management Co Ltd.
|
2,80,614.61
|
|
Axis Asset Management Company Ltd.
|
2,48,870.48
|
|
UTI Asset Management Company Ltd.
|
2,36,169.91
|
|
IDFC Asset Management Company Ltd.
|
1,19,065.62
|
|
DSP Investment Managers Private Ltd.
|
1,15,785.12
|
|
Source: Morningstar
|
However, when it comes to AAUM growth over September 2022, then Quant Money Managers Ltd, Navi AMC Ltd, Edelweiss Asset Management Ltd and Shriram Assets Management Ltd topped the charts with percentage changes of 34.58 per cent, 25.84 per cent, 24.62 per cent, 23.09 per cent and 16.8 per cent, respectively.
Top Stock Bought and Sold by SBI Mutual Fund
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Top Stocks Bought and Sold by SBI Mutual Fund in January 2023
|
|
Net Buying
|
Net Selling
|
|
Company Name
|
Amount (Rs Crore)
|
Company Name
|
Amount (Rs Crore)
|
|
ICICI Bank Ltd.
|
24,155
|
Reliance Industries Ltd.
|
-21,508
|
|
Bharti Airtel Ltd.
|
10,739
|
HDFC Ltd.
|
-17,058
|
|
Divi's Laboratories Ltd.
|
10,088
|
HDFC Bank Ltd.
|
-15,389
|
|
Bajaj Finance Ltd.
|
9,102
|
State Bank of India
|
-9,078
|
|
Maruti Suzuki India Ltd.
|
7,515
|
Solar Industries India Ltd.
|
-8,055
|
|
Hatsun Agro Product Ltd.
|
6,612
|
Tata Consultancy Services Ltd.
|
-6,078
|
|
Page Industries Ltd.
|
6,355
|
NHPC Ltd.
|
-5,526
|
|
Axis Bank Ltd.
|
6,220
|
Adani Enterprises Ltd.
|
-4,975
|
|
GAIL (India) Ltd.
|
4,586
|
Triveni Turbine Ltd.
|
-4,651
|
|
Britannia Industries Ltd
|
3,521
|
HCL Technologies Ltd.
|
-3,603
|
|
Source: DSIJ
|