Mutual funds investor? Here is how MFs looked to boost returns | All you need to know
Funds trimmed positions in FMCG stocks like Hindustan Unilever (Rs 13.14 bn), ITC (Rs 9.67 bn), Asian Paints (Rs 3.3 bn) and Nestle (Rs 2.8 bn) and also I.T. names saw profit taking- Infosys (INR 14.8bn), TCS (INR 4.29 bn) and Mindtree (Rs 2.3 bn) while marginal addition were seen in Coforge (Rs 2.83), HCL Tech (Rs 2.35 bn) and Oracle Finance (Rs 2.35 bn)
In the month of October, the major additions by Mutual Funds were Dr. Reddy’s, D Mart and Bharti Airtel. Major reductions were Infosys, HUL and HDFC Bank. Edelweiss highlights that the MF industry continued to remain underweight in the Banking & Finance Sector (vs. NSE 200 Index). They reduced positions in HDFC Bank (Rs 10.73 bn), HDFC Ltd (Rs 8.95 bn) and Axis Bank (Rs 6.47 bn) while minor additions were seen in SBI (Rs 2 bn) and Kotak Mahindra Bank (Rs 1.33 bn).
Edelweiss says that Funds trimmed positions in FMCG stocks like Hindustan Unilever (Rs 13.14 bn), ITC (Rs 9.67 bn), Asian Paints (Rs 3.3 bn) and Nestle (Rs 2.8 bn) and also I.T. names saw profit taking- Infosys (INR 14.8bn), TCS (INR 4.29 bn) and Mindtree (Rs 2.3 bn) while marginal addition were seen in Coforge (Rs 2.83), HCL Tech (Rs 2.35 bn) and Oracle Finance (Rs 2.35 bn). Fund houses added prominent Pharma names like Dr Reddy’s (Rs 7.5 bn), Sun Pharma (Rs 3 bn), Lupin (Rs1.37 bn) and Apollo Hospital (Rs 1 bn) while profit taking was seen in IPCA Labs (Rs 1.9 bn).
Aditya Birla SL MFs major additions were Dr Reddy's Labs (Rs 1.69 bn), Bajaj Finance (Rs 0.98 bn) and Ambuja Cem (Rs 0.96 bn). It's major reductions were HDFC (Rs 2.43 bn), Axis Bank(Rs 1.86 bn) and Reliance Inds (Rs 1.74 bn). Alembic Pharma and Mazagon Dock were new entrants while Chennai Petro was a complete exit.
Axis MFs prominent additions were Bajaj Fin (Rs 4.8 bn), Kotak Mah Bank (Rs 4.31 bn) and HDFC Ltd (Rs 4.1 bn). It reduced Hindustan Unilever (Rs 2.47 bn), Bajaj Finserv (Rs 2.42 bn) and Hero Motocorp (Rs 1.69 bn). New entrants included Escorts and LIC Housing Fin while REC was a complete exit.
DSP MFs large additions were Axis Bank (Rs 1.9 bn), HCL Technologies (Rs 1.6 bn) and Infosys (Rs 1.08 bn). It's major reductions included HDFC Ltd (Rs 1.14 bn), HDFC Bank (Rs 0.83 bn) and TCS (Rs 0.66 bn). Aavas Fin and Can Fin Homes were new entrants while complete exit included Srikalahasthi Pipes.
Franklin Templeton MFs major additions were United Spirits (Rs 0.61 bn), Bajaj Auto (Rs 0.58 bn) and Bharti Airtel (Rs 0.49 bn). The fund reduced exposure in ICICI Bank (Rs 1.67 bn), UltraTech Cem (Rs 1.51 bn) and Grasim Industries (Rs1.44 bn). The list of new entries included Majesco and Just Dial while Route Mobile was a complete exit.
HDFC MFs large additions were Bharti Airtel (Rs 2.61 bn), Hind Unilever (Rs 1.73 bn) and TCS (Rs 1.49 bn). It's prominent reductions were Tata Steel (Rs 3.88 bn), HDFC Bank (Rs 2.89 bn) and SBI Cards & Payment (Rs 1.39 bn). Aditya Birla Fashion and Dixon Technology were new entrants while NMDC was a complete exit.
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ICICI Prudential MFs major additions were Avenue Supermart (Rs 2.41 bn), Reliance Industries (Rs 1.48 bn) and TCS (Rs 1.47 bn). The fund reduced Hindustan Unilever (Rs 2.76 bn), HDFC (Rs 2.32 bn) and Eicher Motors (Rs 2.15 bn). Equitas Small Bank and Tejas Networks were new entrants while EIH-RE was a complete exit.
Nippon India MFs prominent additions were Reliance Industries (Rs 4.64 bn), Apollo Hospitals (Rs 1.58 bn) and Angel Broking (Rs 1.04 bn). It's major reductions included Larsen & Toubro (Rs 2.33 bn), Axis Bank (Rs 2.17 bn) and Divi's Lab (Rs 1.5 bn). New entrants included Equitas Small Bank and SpiceJet while Rico Auto Inds was a complete exit.
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