March 2020: Stocks attracting fund managers
In the month of March 2020, the financial sector gained over other sectors to be on the top of the fund managers buying list followed by energy, technology and FMCG sector.
|
Stock Name
|
Sector
|
Asset Class
|
Month
|
Net Qty Bought
|
Approx. Buy Value (In crore)
|
|
Reliance Industries Ltd
|
Energy
|
Large-Cap
|
March-20
|
3,88,22,472
|
4,740.76
|
|
Axis Bank Ltd
|
Financials
|
Large-Cap
|
March -20
|
5,79,95,934
|
3,122.58
|
|
ICICI Bank Ltd
|
Financials
|
Large-Cap
|
March -20
|
6,64,09,621
|
2,726.53
|
|
HDFC Bank Ltd
|
Financials
|
Large-Cap
|
March -20
|
2,38,38,898
|
2,431.48
|
|
HDFC Ltd
|
Financials
|
Large-Cap
|
March -20
|
1,07,02,822
|
2,038.83
|
So, if we look at the above table then, we can see that in the month of March 2020, financial sector has come in the top five sector preference of the fund managers with a total approximate buying of Rs 17,108 crore. In financial sector, Axis Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd and HDFC Ltd have made its way to the top five buying with a total approximate buying value of Rs 10,319 crore.
If we look at the total sector-wise buying done in the month of March 2020 then, we will observe that the financial sector has been on the top followed by energy, technology, FMCG and automobile and ancillaries sector with an approximate buying of Rs 17,108.14 crore, Rs 7,667.50 crore, Rs 4,187.71 crore, Rs 4,067.05 crore and Rs 3,691.72 crore, respectively.
If we look at the total buying done in the month of March 2020, market cap-wise then, large-cap is at the top, followed by mid-cap and small-cap with an approximate buying value of Rs 38,138.68 crore, Rs 6,535.47 crore and Rs 3,077.94 crore, respectively.
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 a recommendation to buy or sell. It is always advisable to have financial plan in place, which must be followed with discipline and investments in mutual funds being made to be based on your individual risk assessment.