Are mutual funds betting on media and communication sector?
Which are the sectors on which mutual funds are betting on? To find an answer, we look at the net buying and selling by the mutual fund in Q1FY20. What we find is the media and telecommunication was the sector in which there was the highest buying done by mutual funds. Mutual funds net buying was around Rs. 1,195.89 crore in media and telecommunication sector followed by healthcare, construction and FMCG sectors with net buying of around Rs. 1,030.71 crore, 943.08 crore and 914.42 crore, respectively. On the other end, the energy sector was the one who witnessed the highest net selling of around Rs. 2,163.75 crore in Q1FY20.
Following is the list of the top 10 stocks that witnessed net buying and net selling in Q1 FY20.
| Net Buying | Net Selling |
| Companies | Amount (Rs. In Cr.) | Companies | Amount (Rs. In Cr.) |
| Bharti Airtel Ltd. | 967.96 | Oil & Natural Gas Corporation Ltd. | -949.31 |
| HDFC Bank Ltd. | 870.28 | Coal India Ltd. | -832.79 |
| Larsen & Toubro Ltd. | 429.98 | State Bank Of India | -532.02 |
| Ultratech Cement Ltd. | 418.58 | Infosys Ltd. | -424.77 |
| Tata Consultancy Services Ltd. | 416.99 | Indian Oil Corporation Ltd. | -398.66 |
| Axis Bank Ltd. | 414.99 | UPL Ltd. | -382.84 |
| ICICI Bank Ltd. | 370 | Yes Bank Ltd. | -346.01 |
| Emami Ltd. | 366.54 | ICICI Lombard General Insurance Co Ltd. | -274.68 |
| Shriram Transport Finance Company Ltd. | 358.56 | Power Grid Corporation Of India Ltd. | -236.85 |
| IndusInd Bank Ltd. | 323.27 | Wipro Ltd. | -224.43 |
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund managers' approach and it in no means is a recommendation to buy or sell. It is always advisable to have a financial plan in place which must be followed with discipline and investments in mutual funds should be made based on your individual risk profile.