Riding on projections of high sales growth in the domestic auto industry in 2009-10, Tata Motors, the country’s largest automobile company, emerged as the most sought-after stock in March among the fund houses. Thirty-two fund houses bought this stock in March bringing the count to 122. Cumulatively mutual fund houses bought 20.57 lakh shares of this stock worth Rs 158.86 crore in March.
Jubilant Organosys, Rural Electrification Corporation and Exide Industries were among the other most preferred stocks in March. Altogether 21, 19 and 16 funds added the stocks in their portfolios respectively.
On the other hand, ARSS Infrastructure Projects was sold by the maximum number of funds. Altogether 25 funds removed this stock from their portfolios. Hindustan Unilever, India's largest consumer goods company, and ITC too were shunned by MFs in March with 18 and 17 funds respectively removing these stocks from their portfolios.
Response to IPOs and FPOs: As far as initial public offerings (IPOs) and follow-on public offerings (FPOs) are concerned, IL&FS Transportation Networks, whose Rs 700 crore (IPO) came on March 11, was the most sought after stock by mutual funds in March. Altogether 35 funds added this stock to their portfolios.
Another IPO that received a good response was DQ Entertainment (International). Its IPO came on March 8 and was lapped by 28 funds. NMDC, a public sector unit, whose FPO came on March 10, was present in 12 funds when the month end portfoliowas declared.
Most Bought Stocks
Rural Electrification Corporation
Mutual funds bought 221.39 lakh shares worth Rs 541.56 crore of this stock in March. Two funds of Reliance -- Reliance Growth and Reliance Diversified Power Sector Retail -- bought the maximum 34 lakh shares each of this stock. Another big buyer was DSPBR Top 100 Equity Reg which bought 30.86 lakh shares in March. The other big buyers were Magnum Taxgain, ICICI Prudential Infrastructure, HDFC Taxsaver and Axis Equity: each of these funds bought more than 10 lakh shares of this stock.
At the other end of the spectrum, Birla Sun Life Mid Cap Plan A sold the maximum, 6.14 lakh shares, of this stock. Two other big sellers of this stock were DSPBR T.I.G.E.R. Reg and DSPBR Opportunities: they sold 5.92 lakh and 4.46 lakh shares respectively of this stock in March. Altogether 24 funds added this stock to their portfolios while five removed it.
Fund houses: As far as fund houses were concerned, eight funds of ICICI Prudential added this stock to their portfolios while two each of SBI, DSPBR, Sundaram BNP Paribas, JP Morgan and Axis bought this stock in March.
Reliance Mutual Fund bought the maximum 68.17 lakh shares of this stock followed by ICICI Prudential and DSPBR, which bought 35.94 lakh and 31.45 lakh shares respectively.
Birla Sun Life Mutual Fund offloaded the maximum 2.84 lakh shares of this stock.
Mutual Funds bought 28.10 lakh shares worth Rs 230.89 crore of this stock in March. Two funds of ICICI Prudential -- ICICI Prudential Infrastructure and ICICI Prudential Tax Plan -- bought the maximum 5.72 lakh and 5.64 lakh shares of this stock. Other two buyers of this stock were Franklin India Flexi Cap and Franklin India Bluechip, which bought 2.94 lakh and 2.50 lakh shares of this stock respectively.
Reliance Tax Saver offloaded the maximum 4.42 lakh shares of this stock. Three funds of ICICI Prudential -- ICICI Prudential Fusion S-II Retail, ICICI Prudential Indo Asia Equity Retail and ICICI Prudential Power -- too sold 1.19 lakh, 0.48 lakh and 0.47 lakh shares of this stock. Altogether, ten funds added this stock while four removed it from their portfolios.
Fund houses: Two funds each of SBI and JP Morgan added this stock in March. One fund each of Mirae, Sahara and Reliance removed the stock.
In terms of number of shares, ICICI Prudential bought the maximum 14.40 lakh shares followed by Franklin Templeton which bought 9.06 lakh shares. Reliance and Sundaram BNP Paribas sold the maximum 2.73 lakh and 2.10 lakh shares of this stock in March.
Altogether 12.36 lakh shares of this stock worth Rs 198.21 crore were bought by mutual funds. Three funds of Reliance -- Reliance Equity Opportunities, Reliance MIP and Reliance Vision -- bought the maximum 4.51 lakh, 3.01 lakh and 2.04 lakh shares of this stock respectively. HDFC Top 200 was another big buyer: it bought 2.07 lakh shares of this stock.
At the other end of the spectrum, two funds of Franklin Templeton -- Franklin India Flexi Cap and Franklin India Opportunities – sold the maximum 1.86 lakh and 0.60 lakh shares of this stock respectively. Magnum Taxgain was also among the big sellers: it sold 0.70 lakh shares in March.
Altogether, ten funds added this stock while five funds removed it from their portfolios.
Fund houses: Two funds each of Taurus, Reliance and Sahara added this stock in March. One fund each of Kotak Mahindra, Franklin Templeton, Morgan Stanley, JM Financial and Birla Sun Life sold this stock.
As far as number of shares is concerned, Reliance Mutual Fund bought the maximum 9.63 lakh shares of this stock followed by DSPBR and HDFC AMC which bought 3.86 lakh and 2.89 lakh shares in March. Franklin Templeton sold the maximum 2.43 lakh shares in March.
Among the other favoured stocks, MFs bought 17.85 lakh shares worth Rs 187.02 crore of Reliance Industries.
|
|||||||||||||||||||||||||||||||||||||||||||||||||
Most Sold Stocks
ICICI Bank
Mutual funds sold 32.50 lakh shares worth Rs 302.71 crore of this stock in March. Two funds of ICICI Prudential -- ICICI Prudential Infrastructure and ICICI Prudential Dynamic – sold the maximum 5.24 lakh and 3.99 lakh shares of this stock. Two funds of Reliance -- Reliance Diversified Power Sector Retail and Reliance Tax Saver -- too were among the big sellers: they sold 5.02 lakh and 3.01 lakh shares of this stock respectively. HDFC Equity was another big seller: it sold 3.02 lakh shares of this stock in March.
On the other hand, three funds of DSPBR -- DSPBR Top 100 Equity Reg, DSPBR Equity and DSPBR Balanced -- bought the maximum 7.65 lakh, 4.56 lakh and 1.21 lakh shares of this stock respectively.
Altogether seven funds added this stock while one removed it from its portfolio.
Fund houses: Four funds of UTI AMC and two of ING added this stock to their portfolios in March. On the other hand, one fund of Birla Sun Life sold this stock in March.
DSPBR bought the maximum 13.03 lakh shares of this stock. ICICI Prudential and Reliance, on the other hand, sold the maximum, 19.63 lakh and 12.46 lakh shares respectively, of this stock in March.
ITC
Mutual funds sold 81.78 lakh shares worth Rs 210.29 crore of this stock in March. Reliance Regular Savings Equity offloaded the maximum 10.01 lakh shares in March. UTI Dividend Yield, ICICI Prudential Dynamic and Magnum Taxgain were among the other high sellers: they offloaded 9.03 lakh, 8.40 lakh and 8 lakh shares of this stock in March. DSPBR Equity and Kotak 30 were two other funds that sold over 5 lakh shares of this stock.
The biggest buyers of this stock were DSPBR Top 100 Equity Reg and Reliance Tax Saver: they bought 5.79 lakh and 5.68 lakh shares of this stock respectively.
Altogether four funds added this stock while 21 funds removed it from their portfolios.
Fund houses: Three funds each of IDFC and L&T and two funds each of HDFC, Kotak Mahindra, DSPBR, SBI and ICICI Prudential sold this stock in March.
Among buyers, two funds of Taurus added this stock to their portfolios. Going by number of shares, ICICI Prudential and SBI AMC offloaded the maximum 20.08 lakh and 18.94 lakh shares of this stock respectively. Morgan Stanley and Taurus were the other big sellers: they sold 3.58 lakh and 2.32 lakh shares respectively.
Oil and Natural Gas Corporation
Altogether mutual funds sold 18.81 lakh shares worth Rs 203.69 crore of this stock in March. Three funds of Reliance -- Reliance Vision, Reliance MIP and Reliance Natural Resources Retail -- offloaded the maximum 6.01 lakh, 3.50 lakh and 3.08 lakh shares of this stock.
The biggest buyers were UTI Dividend Yield and Sundaram BNP Paribas PSU Opportunities: they bought 2.50 lakh and 2.05 lakh shares of this stock in March respectively.
Four funds added this stock in March while 12 removed it from their portfolios.
Fund houses: Four funds of DSPBR and two each of IDFC and Kotak Mahindra sold this stock in March.
In terms of number of shares, Reliance Mutual Fund sold the maximum 15.87 lakh shares of this stock.
ICICI Prudential, on the other hand, bought the maximum 4.97 lakh shares in March.
The other most sold stocks were SBI and Bank of Baroda. Mutual funds offloaded 8.64 lakh shares worth Rs 176.70 crore of SBI and 24.28 lakh shares worth Rs 149.97 crore of Bank of Baroda.
|
|||||||||||||||||||||||||||||||||||||||||||||||||
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
