Mutual Fund Update: Stocks that attracted fund managers in November 2019
In the month of November 2019, the financial sector gained over other sectors to be on the top of the fund managers buying list followed by automobile and ancillaries, construction, and technology sector.
| Stock Name | Sector | Asset Class | Month | Net Qty Bought | Approx. Buy Value (In Cr) |
| Bajaj Finance Ltd. | Financials | Large-Cap | Nov-19 | 55,16,252 | 2,234.53 |
| Maruti Suzuki India Ltd. | Automobile and Ancillaries | Large-Cap | Nov-19 | 18,48,483 | 1,368.37 |
| Shree Cement Ltd. | Construction | Large-Cap | Nov-19 | 5,76,847 | 1,179.64 |
| Tata Consultancy Services Ltd. | Technology | Large-Cap | Nov-19 | 41,14,813 | 889.40 |
| Infosys Ltd. | Technology | Large-Cap | Nov-19 | 91,90,091 | 635.00 |
So, if we look at the above table then we can see that in the month of November 2019, financials sector has come in the top 5 sector preference of the fund manager with total approximate buying of Rs 3,248.14 crores. In financials sector also, Bajaj Finance Ltd. have made their way to the top 5 buys with approximate buying of Rs 2,234.53 crores.
If we look at the total sector-wise buying done in the month of November 2019 then financials have been on the top followed by automobile and ancillaries, construction, FMCG, and technology sector with approximate buying of Rs 3,248.14 crores, Rs 2,718.73 crores, Rs 2,535.84 crores, Rs 1,966.16 and Rs 1,796.67 crores respectively.
If we look at the total buying done in the month of November 2019 market cap-wise then large-cap being at the top followed by mid-cap and small-cap with approximate buying of Rs 13,938.49 crores, Rs 3,420.94 crores and Rs 1,628.49 crores 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 is 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.