Top 5 stocks that attracted mutual fund managers
Intimating fund manager's moves is seen as an easy way to make a quick fortune. People simply put their money in stocks that many fund managers are betting on.
Following are the stocks that were bought by the fund managers in the month of December 2018.
Stock Name
| Sector | Classification | Month | Net Qty Bought | Approx. Buy Value (In cr)
|
| Coal India Ltd. | Energy | Large-Cap | Dec-18 | 12,36,56,058 | 3,002.42 |
| Oil & Natural Gas Corporation Ltd. | Energy | Large-Cap | Dec-18 | 20,28,88,409 | 2,943.99 |
| NTPC Ltd. | Energy | Large-Cap | Dec-18 | 19,67,68,647 | 2,846.44 |
| Indian Oil Corporation Ltd. | Energy | Large-Cap | Dec-18 | 18,08,76,964 | 2,456.49 |
| Axis Bank Ltd. | Financials | Large-Cap | Dec-18 | 2,68,73,524 | 1,673.74 |
From the above data we can say that in the month of December, the fund managers were more tilted towards Coal India Limited which had a net buy value of Rs. 3,002.42 crore, followed by ONGC and NTPC with a net buy value of Rs. 2,943.99 crore and Rs. 2,846.44 crore, respectively.
If we look market-cap wise, large-cap stocks have made it to the top with a total net buy at 72.26 per cent, followed by mid-cap stocks and small-cap stocks with a net buy of 19.93 per cent and 7.81 per cent, respectively.
Sectorially, the energy sector is on the top of the list with a net buy of 43.95 per cent or Rs. 13,322.75 crore, followed by the financial sector with a net buy of 21.98 per cent or Rs. 6,664.81 crore and the healthcare sector with a net buy of 5.71 per cent or Rs. 1,730.88 crore.
So looking at all the scenario it can be inferred that mutual fund managers are more inclined towards energy, financial and healthcare sectors. However, it is not recommended to mimic the fund managers as they have their own strategy of investing and they have a certain philosophy which is not known to us, with which they buy and sell stocks. So mimicking can prove to be a risky bet.