Mutual Fund Update: Stocks that attracted fund managers in June 2019
If we look at the May 2019 data then financial sector was the ones that were on top of the buying done by the fund managers. Even in the month of June 2019, the story continues and the financial sector still gained over other sectors remain in the top of fund managers buying list, followed by FMCG, technology and healthcare sector.
| Stock Name | Sector | Asset Class | Month | Net Qty Bought | Approx. Buy Value (In cr) |
| Emami Ltd. | FMCG | Mid-Cap | Jun-19 | 3,53,69,016 | 1,144.90 |
| Shriram Transport Finance Company Ltd. | Financials | Mid-Cap | Jun-19 | 1,01,60,356 | 1,140.36 |
| Tata Consultancy Services Ltd. | Technology | Large-Cap | Jun-19 | 39,25,737 | 868.33 |
| HDFC Bank Ltd. | Financials | Large-Cap | Jun-19 | 33,36,163 | 812.22 |
| Housing Development Finance Corporation Ltd. | Financials | Large-Cap | Jun-19 | 35,80,953 | 783.28 |
So, if we look at the above table then we can see that even in the month of June 2019, financials sector has come in the top 5 buys of the fund manager with total approximate buying of Rs. 2,735.86 crores. In the financials sector also, Shriram Transport Finance Company, HDFC Bank and Housing Development Finance Corporation have made their way to the top with approximate buying of Rs. 1,140.36 crores, Rs. 812.22 crore and Rs. 783.28 crore, respectively.
If we look at the total sector-wise buying done in the month of June 2019 then financials have been on the top, followed by FMCG, technology, healthcare, automobile and auto ancillaries sectors with approximate buying of Rs. 5,459.50 crore, Rs. 2,795.43 crore, Rs. 2,111.25 crore, Rs. 1,548.29 crore and Rs. 1,057.34 crore, respectively.
If we look at the total buying market cap-wise, then large-cap were at the top, followed by mid-cap and small-cap with approximate buying of Rs. 10,648 crore, Rs. 5,118.88 crore and Rs. 1,594.84 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund manager's 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 being made to be based on your individual risk assessment.