Companies where MFs pared their stake
The month of July 2021 saw huge inflows in equity-dedicated mutual funds. After several months, we saw net inflows crossing Rs 20,000 crore. Nonetheless, this inflow should be taken with a pinch of salt. As there were many new fund offers (NFO) during the period, one of the Flexi-cap funds managed to garner around Rs 10,000 through NFO. The total collection in the month of July through NFOs was to the tune of Rs 13,709 crore.
The redemption from the equity-dedicated mutual fund is still very high and for the month of July, it was Rs 19,517 crore compared to Rs 20,922 crore in June.
The following table shows the list of companies (large-cap stocks), where mutual funds have lowered their stake in the month of July 2021:
|
Stock name
|
Sector
|
Classification
|
Month
|
Net qty sold
|
Approx. sell value (in Rs crore)
|
|
Infosys Ltd
|
Technology
|
Large-cap
|
Jul-21
|
99,62,454
|
1,589.67
|
|
Kotak Mahindra Bank Ltd
|
Financials
|
Large-cap
|
Jul-21
|
37,06,433
|
622.81
|
|
Reliance Industries Ltd
|
Energy
|
Large-cap
|
Jul-21
|
25,67,334
|
532.21
|
|
Grasim Industries Ltd
|
Diversified
|
Large-cap
|
Jul-21
|
32,16,131
|
490.48
|
|
Tata Consumer Products Ltd
|
FMCG
|
Large-cap
|
Jul-21
|
45,14,728
|
341.01
|
|
Sun Pharmaceutical Industries Ltd
|
Healthcare
|
Large-cap
|
Jul-21
|
41,79,371
|
302.88
|
|
Cadila Healthcare Ltd
|
Healthcare
|
Large-cap
|
Jul-21
|
47,74,468
|
293.94
|
|
Wipro Ltd
|
Technology
|
Large-cap
|
Jul-21
|
51,41,904
|
291.24
|
|
Info Edge (India) Ltd
|
Technology
|
Large-cap
|
Jul-21
|
5,68,703
|
288.06
|
|
Steel Authority of India Ltd
|
Metals
|
Large-cap
|
Jul-21
|
2,06,02,981
|
280.87
|
The above table shows that mutual funds have lowered their stake mainly in the healthcare & technology sectors.
Following is the mid-cap stocks where MFs decreased their stake in the month of July 2021:
|
Stock name
|
Sector
|
Classification
|
Month
|
Net qty sold
|
Approx. sell value (in Rs crore)
|
|
Balkrishna Industries Ltd
|
Automobile & Ancillaries
|
Mid-cap
|
Jul-21
|
15,55,672
|
358.82
|
|
Crompton Greaves Consumer Electricals Ltd
|
Consumer Durables
|
Mid-cap
|
Jul-21
|
58,88,561
|
271.37
|
|
Mahindra & Mahindra Financial Services Ltd
|
Financials
|
Mid-cap
|
Jul-21
|
1,43,07,884
|
220.7
|
|
Hindustan Petroleum Corporation Ltd.
|
Energy
|
Mid-cap
|
Jul-21
|
64,89,307
|
179.87
|
|
AU Small Finance Bank Ltd
|
Financials
|
Mid-cap
|
Jul-21
|
15,74,533
|
177.57
|
|
Canara Bank
|
Financials
|
Mid-cap
|
Jul-21
|
1,14,78,615
|
175.08
|
|
Dixon Technologies (India) Ltd
|
Consumer Durables
|
Mid-cap
|
Jul-21
|
3,70,143
|
161.49
|
|
JSW Energy Ltd
|
Energy
|
Mid-cap
|
Jul-21
|
71,96,359
|
151.23
|
|
Atul Ltd
|
Chemicals
|
Mid-cap
|
Jul-21
|
1,66,056
|
149.71
|
|
Bharat Electronics Ltd
|
Capital Goods
|
Mid-cap
|
Jul-21
|
79,22,266
|
143.65
|
Following is the small-cap stocks where MFs decreased their stake in the month of July 2021:
|
Stock Name
|
Sector
|
Classification
|
Month
|
Net qty sold
|
Approx. sell value (in Rs crore)
|
|
Happiest Minds Technologies Ltd
|
Technology
|
Small-cap
|
Jul-21
|
19,19,206
|
227.01
|
|
Motilal Oswal Financial Services Ltd
|
Financials
|
Small-cap
|
Jul-21
|
14,57,290
|
125.84
|
|
Welspun India Ltd
|
Textile
|
Small-cap
|
Jul-21
|
1,00,23,769
|
115.2
|
|
Chambal Fertilisers and Chemicals Ltd
|
Chemicals
|
Small-cap
|
Jul-21
|
36,59,787
|
111.91
|
|
Indiabulls Housing Finance Ltd
|
Financials
|
Small-cap
|
Jul-21
|
40,68,300
|
109.13
|
|
Metropolis Healthcare Ltd
|
Healthcare
|
Small-cap
|
Jul-21
|
3,76,217
|
106.86
|
|
Elgi Equipments Ltd
|
Capital Goods
|
Small-cap
|
Jul-21
|
45,75,424
|
97.55
|
|
Computer Age Management Services Ltd
|
Technology
|
Small-cap
|
Jul-21
|
3,07,949
|
92.46
|
|
Jubilant Pharmova Ltd
|
Healthcare
|
Small-cap
|
Jul-21
|
11,73,821
|
83.27
|
|
Angel Broking Ltd
|
Financials
|
Small-cap
|
Jul-21
|
8,09,535
|
82.79
|