Mutual Fund Update: Stocks that attracted fund managers in July 2019
If we look at the June 2019 data, we find that the financial sector was the one that was on top of the buying done by the fund managers. Even in the month of July 2019, the story continues and the financial sector still gained over other sectors to top of fund managers' buying list, followed by energy, FMCG and technology sector.
| Stock Name | Sector | Asset Class | Month | Net Qty Bought | Approx. Buy Value (In Cr) |
| IndusInd Bank Ltd. | Financials | Large-Cap | Jul-19 | 2,31,85,594 | 3,273.03 |
| NTPC Ltd. | Energy | Large-Cap | Jul-19 | 19,32,95,426 | 2,589.17 |
| Coal India Ltd. | Energy | Large-Cap | Jul-19 | 10,29,87,674 | 2,359.70 |
| Axis Bank Ltd. | Financials | Large-Cap | Jul-19 | 3,16,34,687 | 2,345.11 |
| ONGC Ltd. | Energy | Large-Cap | Jul-19 | 14,77,36,432 | 2,264.83 |
If we look at the above table, we see that even in the month of July 2019, financials sector has featured in the top 5 buys of the fund manager with total approximate buying of Rs. 5,618.14 crore. In the financials sector, IndusInd Bank and Axis Bank have made their way to the top with approximate buying of Rs. 3,273.03 crore and 2,345.11 crore, respectively.
Among the total sector-wise buying done in the month of July 2019, financials have been on the top followed by energy, FMCG, technology and automobile and ancillaries’ sector with approximate buying of Rs. 12,515.18 crore, Rs. 12,045.23 crore, 2,023.23 crore, 1,520.77 crore, and 1,329.76 crore, respectively.
Market cap-wise, if we consider the total buying done in the month of July 2019 then large-caps were at the top, followed by mid-caps and small-caps with approximate buying of Rs. 30,330.44 crore, 4,765.34 crore and 1,960.08 crore, respectively.
The intention of the above analysis is 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 a 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.