Mutual Funds Latest Equity Strategy : Last month, i.e. in May, the stock market witnessed a lot of volatility and India VIX reached a high level in many months. In May, the market was volatile due to the sentiment of political instability at the domestic level. During this period, the market was sometimes bullish and sometimes bearish. Experts were also advising investors to invest for the long term by being stock specific. When there was confusion in the market due to this election upheaval, at that time mutual funds also changed their stock strategy. Bought some shares and sold some. Brokerage house Phillip Capital has released its report in this regard (Mutual Funds Shopping List).
In May, the net inflow of mutual funds (open, closed and NFOs) was Rs 34700 crore, which is a multi-month high. In April 2024, it was Rs 18900 crore. Total open-ended equity AUM increased by 2.6 percent on a monthly basis.
Top Buy Largecap
HDFC bank
IRFCC
HDFC Life
ITC
Indian Institute of Technology (IIT)
Top Buy Midcap
Vodafone Idea
Suzlon
SAIL
IDFC First Bank
Apollo Tyres
Top Buy Smallcap
Ujjivan Small Finance Bank
Indiabulls Real Estate
Aptus Value Housing Finance
HFCL
CESC
Top Sell Largecap
Canara Bank
Punjab National Bank
BEL
GAIL
Vedanta
Top Sell Midcap
NHPC
GMR Airports
Indus Towers
BHEL
Indian Hotels
Top Sell Smallcap
Hindustan Copper
Mannapuram Finance
Jammu And Kashmir Bank
TV18 Broadcast
IEX
In which sectors did the allocation increase
Sectors that saw allocation increase in May on a monthly basis include Industrials (+66 bps), Auto & Ancillary (+44 bps), Metals & Mining (+11 bps) and Staples (+7 bps).
Share wise details
o Industrial: Ircon, RVNL, Engineers India, L&T, CG Power
o Auto & Ancillary: Apollo Tyres, Ashok Leyland, Tata Motors, Exide, M&M
o Metals & Mining: SAIL, Tata Steel, Hindalco, JW Steel, Jindal Shaw
o Staples: ITC, Marico, Dabur, HUL, Jyothy Labs
In which sectors did the allocation decrease
Sectors where allocation declined in May on a monthly basis include Financials (-61 bps), IT (-20 bps), Oil & Gas (-19 bps) and Agriculture & Chemicals (-16 bps).
Share wise details
o Financial: Canara Bank, PNB, Mannapuram Finance, J&K Bank, Jio Financial
o IT: Coforge, CMS Info Systems, LTIMindtree, Netweb Tech, Tata Elxsi
o Oil & Gas: GAIL, Mangalore Refinery, MGL, Gujarat Gas, Supraham Petrochem
o Agriculture & Chemicals: Castrol, Aarti Industries, Lakshmi Organic, Chambal Fertilizers, Pidilite Industries