Top five mutual fund companies in India are weighing on these stocks
Mutual funds were net purchasers, while FIIs were net sellers. Here are the top stocks that were favoured by India's top five mutual fund companies.
We can see from the FII (Foreign Institutional Investors) and DII (Domestic Institutional Investors) data that DIIs were primarily net purchasers, while FIIs were net sellers.
|
Date
|
Net Purchase/Sales in Cash Market (in Rs Crore)
|
|
FII
|
DII
|
|
Jul-22*
|
-9,118.83
|
6,863.98
|
|
Jun-22
|
-58,112.37
|
46,599.23
|
|
May-22
|
-54,292.47
|
50,835.54
|
|
Apr-22
|
-40,652.71
|
29,869.52
|
|
Mar-22
|
-43,281.31
|
39,677.03
|
|
Feb-22
|
-45,720.07
|
42,084.07
|
|
Jan-22
|
-41,346.35
|
21,928.40
|
|
Dec-21
|
-35,493.59
|
31,231.05
|
|
Nov-21
|
-39,901.92
|
30,560.27
|
|
Oct-21
|
-25,572.19
|
4,470.99
|
|
* Data as on July 13, 2022
|
As shown in the table above, FIIs have been net sellers while DIIs have been net purchasers since October 2021. However, the intensity of selling appears to be easing in July 2022, as we can see from the month to date, FIIs sold significantly less than in previous months.
However, there are only a handful of stocks that have been preferred by India's top five mutual fund firms. We will cover the top five stocks of SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, and UTI MF in this post.
SBI Mutual Fund
|
Net Buying in the month of June 2022
|
|
Company Name
|
Market Value (Rs Crore)
|
|
Reliance Industries Ltd.
|
54,300
|
|
Infosys Ltd.
|
49,088
|
|
HDFC Bank Ltd.
|
26,858
|
|
ICICI Bank Ltd.
|
25,034
|
|
Housing Development Finance Corp Ltd.
|
23,915
|
ICICI Prudential Mutual Fund
|
Net Buying in the month of June 2022
|
|
Company Name
|
Market Value (Rs Crore)
|
|
Infosys Ltd.
|
89,217
|
|
Bharti Airtel Ltd.
|
76,634
|
|
Reliance Industries Ltd.
|
41,205
|
|
Sun Pharmaceuticals Industries Ltd.
|
38,078
|
|
HDFC Bank Ltd.
|
27,673
|
HDFC Mutual Fund
|
Net Buying in the month of June 2022
|
|
Company Name
|
Market Value (Rs Crore)
|
|
Infosys Ltd.
|
22,555
|
|
Housing Development Finance Corp Ltd.
|
14,064
|
|
Tata Consultancy Services Ltd.
|
12,821
|
|
HDFC Bank Ltd.
|
9,220
|
|
Indian Hotels Co Ltd.
|
7,916
|
Nippon India Mutual Fund
|
Net Buying in the month of June 2022
|
|
Company Name
|
Market Value (Rs Crore)
|
|
Infosys Ltd.
|
14,586
|
|
State Bank of India
|
9,201
|
|
Reliance Industries Ltd.
|
8,801
|
|
Axis Bank Ltd.
|
8,280
|
|
Oil & Natural Gas Corp Ltd.
|
7,446
|
UTI Mutual Fund
|
Net Buying in the month of June 2022
|
|
Company Name
|
Market Value (Rs Crore)
|
|
Infosys Ltd.
|
23,441
|
|
ICICI Bank Ltd.
|
18,973
|
|
Reliance Industries Ltd.
|
18,474
|
|
Bajaj Finance Ltd.
|
10,359
|
|
Tata Consultancy Services Ltd.
|
9,378
|
Here we can notice that stocks like Infosys, Reliance Industries and HDFC Bank were the top picks from these five asset management companies (AMC).