SBI Mutual Fund has bought and sold these top stocks!

Monitoring big fund houses' purchasing and selling behaviour is an excellent place to start your research. In this post, we will detail the top stocks purchased and sold by SBI Mutual Fund.

As of March 2022, SBI Mutual Fund is the largest Asset Management Company (AMC), with a quarterly average Assets Under Management (AUM) of Rs 6.47 lakh crore. Its AUM increased by 3 per cent from the previous quarter. As a result, examining what SBI mutual fund is buying and selling serves as a superb screener for further investigation. As a result, in this post, we will highlight the top ten stocks purchased and sold by SBI Mutual Fund.

The net purchase by the SBI Mutual Fund was around Rs 4.24 lakh crore, while the net selling was approximately Rs 6,203 crore. The following is a summary of the top ten stocks that SBI Mutual Fund favoured, as well as those that it turned over in March 2022.

As we can see, SBI Mutual Fund's net purchase was in stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, and others. Because of the Employee Provident Fund Organisation's (EPFO) strong investment in index funds or ETFs, these Large-Cap stocks may be at the top of the purchasing list.

SBI Mutual Fund, on the other hand, has sold shares in firms such as JSW Steel, Colgate, Avenue Supermarts, Adani Group, and others. The AMC hasn't completely exited these stocks, but they have taken some profits. This might also be part of the portfolio rebalancing process.