Top 30 stocks that fund managers bought & sold recently... Do you own any?

July was a month of stark contradiction. Inflow in Mutual Funds thru SIP was all time high at Rs 8,113 Crs and Mutual funds bought (net) Rs 14,846.75 crore worth of shares last month. Domestic institutional investment at Rs 20,395 crore was the highest in last 9 months

And yet, equity market went through turmoil and plunged the most in the last 17 years in July 2019. 

In this backdrop let’s see what were most favorite stocks for Mutual Fund Managers and which stocks was no more the darling of ace investment managers

Among largecaps, IndusInd Bank, Coal India, GAIL, ONGC and IOC were the top five buys by fund managers.

On the other hand, Indiabulls Housing Finance, UPL, L&T Finance Holdings, HDFC AMC and Piramal Enterprises were the most sold large-cap stocks last month

Table: The below list is for reference and not specifically buy or sell ideas. This is not investment advice. Consult your investment advisor for any investment

Among midcaps, Fund Managers bought Oil India, SJVN, NBCC, Godrej Properties and NLC India in  while Mindtree, Jubilant Life Sciences, Shriram Transport Finance, REC and Escorts were among the most sold stocks.

We must mention about Oil India, which was in the top 10 sell list in June, has moved to the top 10 buy list in July.

Among smallcaps, Tata Sponge Iron, Can Fin Homes, Birlasoft, Tejas Networks and CreditAccess Gramin were top favorites of mutual fund managers.

This report is based on data from ICICIDirect