Mutual Fund Update: Stocks that attracted fund managers in May 2019
If we look at the April 2019 data, media and communication sector stocks featured in the top buying done by the fund managers. However, story in the month of May 2019 is something different, this time financial sector has gained over other sectors to top fund manager's buying list followed by automobile and auto ancillaries, healthcare and FMCG sector.
| Stock Name | Sector | Asset Class | Month | Net Qty Bought | Approx. Buy Value (In cr) |
| HDFC Bank Ltd. | Financials | Large-Cap | May-19 | 37,47,737 | 888.72 |
| ICICI Bank Ltd. | Financials | Large-Cap | May-19 | 2,04,47,796 | 849.81 |
| HDFC Life Insurance Co. Ltd. | Financials | Large-Cap | May-19 | 1,59,08,131 | 673.07 |
| Reliance Industries Ltd. | Energy | Large-Cap | May-19 | 48,74,130 | 663.58 |
| Larsen & Toubro Ltd. | Infrastructure | Large-Cap | May-19 | 41,71,508 | 606.13 |
So, if we look at the above table, we can see that in the month of May 2019, financials sector has come on the top with a total approximate buying of Rs. 4,940.58 crore. In the financial sector also, HDFC Bank, ICICI Bank and HDFC Life Insurance have made their way to the top with approximate buying of Rs. 888.72 crore, 849.81 crore and 673.07 crore, respectively.
If we look at the total buying done in the month of May 2019 sector-wise, then financials have been on the top, followed by automobile and auto ancillaries, healthcare, FMCG and energy sector with approximate buying of Rs. 4,940.58 crore, Rs. 1,971.70 crore, 1,530.85 crore, 1,428.47 crore, and 1,373.92 crore, respectively.
If we look at the total buying done in the month of May 2019 market cap-wise, then large-cap were at the top, followed by mid-cap and small-cap with approximate buying of Rs. 13,609.59 crore, 3,371.87 crore and 2,122.89 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 is 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 should be made based on your individual risk assessment.