Mutual funds shopping and selling data in June explains a lot. The most important of these is that the activities were limited to some select stocks. There are only 16 stocks in which mutual funds invested 1,000 to 10,000 crores in June. He invested 500 to 1,000 crore rupees in 21 stocks. His investment in some other stocks was between 1 and 500 crores. He sold out in about 9 stocks. His selling was more than Rs 1,000 crore.
More shopping and selling in a few stocks
Mutual Funds Selling 500 to 1,000 crore rupees in 16 stocks. His selling in the remaining 400 shares was between 1 and 500 crores. This shows that most of the purchase of mutual funds was limited to some stocks. This data will help in understanding the activities of mutual funds. BSE I have more than 4,000 companies listed. At the end of June, about 1,200 of these stocks had an investment of mutual funds. But more investment was limited to a few stocks.
Investment after selling stake in RIL’s Asian Paints
Mutual funds invested the most in Asian Paints. His total investment was more than Rs 10,000 crore in this stock. After selling its stake in Asian Paints of Reliance Industries, mutual funds invested a huge investment in this stock. At number two is the stock of Vishal Mega Mart, in which mutual funds invested Rs 7,865 crore. After selling their shares of the promoter in a block deal, mutual funds invested in the stock of Vishal Megamart.
These are also favorite stocks of mutual funds
There are many companies in which mutual fads invested Rs 2,000 to Rs 4,750 crore. These include Bajaj Finserv, Dixon Technologies, NTPC, Biocon, State Bank of India, Trent, Kaynes Technology and Siemen Energy India. Mutual funds invested over Rs 1,000 crore in each stock in Swiggi, Aditya Birla Capital, Sai Life Capital, Mahindra & Mahindra, Alchem Lab and Premium Energy.
Disillusionment of mutual funds with these stocks
Talking about selling mutual funds, he did the best selling in ICICI Bank. His total selling in this stock was Rs 1,653 crore. He then sold Rs 1,500 crore and Rs 1,492 crore in Infosys and Reliance Industries respectively. After this, his selling was Rs 1,000 crore in each of Tata Motors, Coal India, Indusind Bank and Bharti Airtel.