Stocks where domestic fund managers were the net sellers in January 2022
During the month of January 2022, domestic mutual fund industry saw redemption worth Rs 18,346.45 crore from equity dedicated mutual funds
During the month of January 2022, domestic mutual fund industry saw redemption worth Rs 18,346.45 crore from equity dedicated mutual funds compared to Rs 17,722.45 crore that we saw in the month of December 2021. Analysis of the data shows that fund managers are lightening their position from the energy and technology sector including some of the recently listed companies. Shares from the PSU basket from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in January 2022. Out of the top ten stocks where MFs are net sellers, two are from the energy sector.
Top 10 Companies Among Large-Cap Where MFs were Net Sellers in January 2022
|
Stock Name
|
Sector
|
Net Qty Sold
|
Approx. Sell Value(In Rs. cr) *
|
|
Oil & Natural Gas Corporation Ltd.
|
Energy
|
65150021
|
1026.1
|
|
Bharti Airtel Ltd.
|
Media and Communications
|
12521140
|
884.69
|
|
Tata Consultancy Services Ltd.
|
Technology
|
1719575
|
642.66
|
|
Hindalco Industries Ltd.
|
Metals
|
12720533
|
613.51
|
|
Maruti Suzuki India Ltd.
|
Automobile and Ancillaries
|
655055
|
524.82
|
|
Bharat Petroleum Corporation Ltd.
|
Energy
|
13369189
|
523.07
|
|
Zomato Ltd.
|
Technology
|
44911818
|
511.55
|
|
Motherson Sumi Systems Ltd.
|
Automobile and Ancillaries
|
24173729
|
486.86
|
|
Pidilite Industries Ltd.
|
Chemicals
|
1912808
|
470.48
|
|
Tata Consumer Products Ltd.
|
FMCG
|
6167701
|
453.56
|
There is no clear trend among mid-cap stocks. Mutual fund managers sold shares from different sectors and there was no trend as such in their selling style. Nevertheless, there were two companies from the technology sector.
Top 10 Companies Among Mid-Cap Where MFs were Net sellers in January 2022
|
Stock Name
|
Sector
|
Net Qty Sold
|
Approx. Sell Value(In Rs. cr) *
|
|
Deepak Nitrite Ltd.
|
Chemicals
|
1369687
|
323.36
|
|
Steel Authority Of India Ltd.
|
Metals
|
29182505
|
300.07
|
|
Voltas Ltd.
|
Consumer Durables
|
2132128
|
256.12
|
|
AU Small Finance Bank Ltd.
|
Financials
|
1859671
|
218.14
|
|
Colgate-Palmolive (India) Ltd.
|
FMCG
|
1351908
|
196.42
|
|
NMDC Ltd.
|
Energy
|
13156743
|
179.1
|
|
Aurobindo Pharma Ltd.
|
Healthcare
|
2529620
|
173.13
|
|
Tata Elxsi Ltd.
|
Technology
|
250056
|
168.48
|
|
REC Ltd.
|
Financials
|
11431205
|
155.72
|
|
Oracle Financial Services Software Ltd.
|
Technology
|
352165
|
131.65
|
Top 10 Companies Among Small-Cap Where MFs were Net Sellers in January 2022
|
Stock Name
|
Sector
|
Net Qty Sold
|
Approx. Sell Value(In Rs. cr) *
|
|
KPIT Technologies Ltd.
|
Technology
|
2942228
|
185.24
|
|
Vardhman Textiles Ltd.
|
Textile
|
624191
|
147.38
|
|
Glenmark Pharmaceuticals Ltd.
|
Healthcare
|
2550151
|
129.43
|
|
CESC Ltd.
|
Energy
|
13699178
|
117.95
|
|
Chambal Fertilisers and Chemicals Ltd.
|
Chemicals
|
2738940
|
113.29
|
|
Granules India Ltd.
|
Healthcare
|
2919301
|
93.46
|
|
Amara Raja Batteries Ltd.
|
Automobile and Ancillaries
|
1432324
|
89.97
|
|
KEI Industries Ltd.
|
Capital Goods
|
795086
|
89.22
|
|
Affle (India) Ltd.
|
Media and Communications
|
727491
|
88.67
|
|
PVR Ltd.
|
Media and Communications
|
606556
|
87.55
|
Even in small-cap stocks there was selling from diversified sectors and we could not see any selling pattern of mutual fund managers and also we do not see there is any direct correlation between mutual fund managers selling the stock and their returns.