Funds' favourite in April : Tata Motors

Indian car manufacturers started off this financial year with a bang with car sales volume searching by double digit percentage figures year-on-year in April. Tata Motors emerged as the stock most sought after by mutual funds (MFs). It was lapped up by MFs. In April, mutual funds bought 105.75 lakh shares worth Rs 849.65 crore of this stock. In March, they had bought 20.57 lakh shares worth Rs 158.86 crore. However, the stock that was added by highest number of MFs in their portfolios was Zee Entertainment Enterprises, the country's leading television, media and entertainment company. Eighteen MFs added the stock to their portfolios in April. In March, the Tata Motors stock was added by the maximum 32 funds in their portfolios. In April, the sector that caught the fancy of mutual funds was banks. Four stocks from this sector were among the top 10 most sought after stocks by MFs. Leading from the front was Kotak Mahindra Bank which was added by the second-highest 15 funds. Indian Bank, Axis Bank and Canara Bank were added by 13, 12 and nine funds respectively in April. At the other end of the spectrum, Balrampur Chini Mills, one of the country's largest integrated sugar manufacturing companies was shunned by the maximum 20 funds in April. The stock of Zee News was the second most shunned with 19 MFs removing it from their portfolios. Max India, Hindustan Petroleum Corporation and 3i Infotech were removed by 17, 15 and 15 funds respectively. Now we take a look at those five large-cap stocks which received highest investment by mutual funds in April. Most Bought (Large-Cap) Tata Motors As mentioned earlier, it was the most bought stocks (in terms of amount) by MFs in April. Two funds of HDFC -- HDFC Top 200 and HDFC Equity -- bought the maximum 18.96 lakh and 16.52 lakh shares of this stock respectively in April. On the other hand, two funds of Reliance asset management company (AMC) -- Reliance Growth and Reliance MIP - sold the maximum 7.02 lakh and 3.01 lakh shares respectively. Altogether 19 funds added this stock in April while 16 removed it from their portfolios. Fund House: HDFC AMC bought the maximum 46.99 lakh shares of this stock. UTI came second with the purchase of 20.23 lakh shares. ICICI Prudential and Birla Sun Life too bought 11.84 lakh and 10.46 lakh shares of this stock respectively in April. At the other end of the spectrum, JP Morgan AMC offloaded the maximum 1.08 lakh shares of this stock. Five funds of HDFC AMC and three funds of Tata AMC added this stock in their portfolio in April. On the other hand, three funds each of DSPBR and Reliance fund houses removed this stock from their portfolios. Infosys Technologies Mutual funds bought 6.07 lakh shares worth Rs 164.40 crore of this stock in April. Two funds of DSPR -- DSPBR Top 100 Equity Reg and DSPBR Equity -- bought the maximum 1.88 lakh and 1.28 lakh shares of this stock in April. On the other hand, Reliance Equity Advantage Retail offloaded the maximum 1.02 lakh shares. Eight funds added this stock to their portfolios while two removed it in April. Fund House: DSPBR AMC bought the maximum 4.26 lakh sha