After a continuous 3 months of fall, inflows into indian equity mutual funds rebounded in December as the nation’s benchmark stock index hit a series of record highs. Indian mutual funds saw a tremendous inflow of Rs. 4500 crores ($626 million) last month, according to the Association of Mutual Funds in India. That compares with Rs. 1310 crores received in November, which was the smallest inflow in more than three years. SIP inflows jumped by Rs 245 crore month-on-month to clock a record high of Rs 8,518.47 crore in December.
From their monthly portfolio declaration for the month ended December, we have collected the data of what the top money managers of the have country bought and sold during the month.
HDFC Mutual Fund
India’s most renowned and largest in size money manager, HDFC Mutual Fund held Rs. 1.58 lakh crores in equities, with financials accounting for 33% of stock assets followed by industrial companies at 13%.
New Buys / Exits
| Company |
Shares Position Change |
| Somany Home Innovation |
45,64,610 |
| Prince Pipes & Fittings |
12,51,828 |
| Voltamp Transformers |
1,26,270 |
| Everest Industries |
- 53,500 |
| L&T Finance |
- 49,500 |
| Tata Elxsi |
- 14,400 |
Added / Reduced Stakes
| Company |
Position Change |
| Power Grid |
1,21,03,489 |
| Ambuja Cements |
1,20,60,000 |
| Power Finance |
95,17,557 |
| Reliance Industries |
- 46,50,837 |
| Bharat Petroleum |
- 41,71,040 |
| HDFC Bank |
- 39,38,025 |
ICICI Prudential Mutual Fund
Nation’s second largest fund house held equity assets of Rs. 1.51 lakh crores, with highest weightage in financials at 28% of assets which is followed by materials at about 10%.
New Buys / Exits
| Company |
Position Change |
| Triveni Engineering |
80,600 |
| Corteva |
52,033 |
| Pfizer |
41,446 |
| Reliance Communications |
- 17,570 |
| Jaiprakash Associates |
- 12,242 |
| CG Power & Industrial Solutions |
- 2,936 |
Added / Reduced Stakes
| Company |
Position Change |
| ICICI Prudential Bluechip Fund |
4,28,29,666 |
| Tata Power |
2,13,46,996 |
| India Infrastructure Trust |
1,00,00,000 |
| Vodafone Idea |
- 5,04,56,665 |
| State Bank |
- 2,09,65,986 |
| Motherson Sumi |
- 1,37,69,697 |
SBI Mutual Fund
The fund house has equity AUM of about Rs. 1.94 lakh crores. Again, the financial sector dominates and makes up to 41% of their assets, followed by technology at 9%.
New Buys / Exits
| Company |
Position Change |
| ABB Power Products & Systems |
6,46,608 |
| Adani Enterprises |
3,88,000 |
| GlaxoSmithCline Pharmaceuticals |
2,28,396 |
| Bharat 22 ETF |
- 66,49,824 |
| Union Bank |
- 10,79,848 |
| Birla Group Holdings |
- 10,00,000 |
Added / Reduced Stakes
| Company |
Position Change |
| Crompton Greaves Consumer |
3,06,12,002 |
| Bharat Heavy Electricals |
2,67,69,470 |
| Power Grid |
2,17,68,323 |
| Exide Industries |
- 55,77,558 |
| ICICI Prudential Life |
- 53,24,391 |
| JSW Steel |
- 35,28,170 |
Top 10 buys in largecap
| Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value (Rs. in crores) |
| Larsen & Toubro |
Infrastructure |
86,22,634 |
1133.36 |
| Maruti Suzuki India |
Automobile and Ancillaries |
12,97,780 |
948.3 |
| Bharti Airtel |
Media and Communications |
1,36,88,240 |
614.77 |
| Ultratech Cement |
Construction |
12,39,632 |
514.77 |
| HDFC Bank |
Financials |
37,90,310 |
482.7 |
| Axis Bank |
Financials |
59,22,729 |
442.18 |
| Bajaj Finance |
Financials |
10,22,932 |
424.97 |
| Hindustan Unilever Ltd. |
FMCG |
20,46,950 |
405.13 |
| Nestle India |
FMCG |
2,71,279 |
396.6 |
| Coal India |
Energy |
1,56,81,068 |
326.63 |
Top 10 sells in largecap
| Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value (Rs. in crores) |
| Infosys |
Technology |
2,08,70,429 |
1489.64 |
| Tata Consultancy Services |
Technology |
62,54,280 |
1318.05 |
| ICICI Bank |
Financials |
1,22,86,510 |
645.94 |
| SBI Life Insurance Company Ltd. |
Financials |
62,97,836 |
605.11 |
| HDFC |
Financials |
21,63,112 |
509.39 |
| Reliance Industries Ltd. |
Energy |
24,51,282 |
375.68 |
| Tech Mahindra |
Technology |
48,44,510 |
369.1 |
| Larsen & Toubro Infotech |
Technology |
21,39,240 |
367.96 |
| Tata Motors |
Automobile and Ancillaries |
1,93,01,793 |
334.55 |
| Asian Paints |
Chemicals |
15,72,363 |
274.46 |
Top 10 buys in midcap
| Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value (Rs. in crores) |
| Crompton Greaves Consumer Electricals |
Consumer Durables |
3,19,95,338 |
791.08 |
| RBL Bank |
Financials |
2,06,72,403 |
743.17 |
| Mahindra & Mahindra Financial Services |
Financials |
68,58,578 |
231.24 |
| Voltas |
Consumer Durables |
20,33,198 |
138.25 |
| Apollo Hospitals |
Healthcare |
9,27,424 |
133.7 |
| Tata Power |
Energy |
2,25,61,704 |
128.45 |
| The Indian Hotels Company Ltd. |
Travel |
81,28,582 |
119.65 |
| Thermax |
Capital Goods |
9,78,682 |
103.22 |
| Ujjivan Small Finance Bank |
Financials |
2,19,14,162 |
99.55 |
| Tata Global Beverages |
FMCG |
29,74,136 |
95.84 |
Top 10 sells in midcap
| Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value (Rs. in crores) |
| Shriram Transport Finance Company Ltd. |
Financials |
25,57,399 |
293.88 |
| Mahanagar Gas |
Energy |
12,82,399 |
135.22 |
| Yes Bank |
Financials |
2,00,56,909 |
115.58 |
| Jindal Steel & Power |
Metals |
69,85,211 |
114.8 |
| L&T Finance Holdings |
Financials |
75,41,786 |
90.09 |
| Union Bank Of India |
Financials |
1,41,97,214 |
83.66 |
| Future Retail Ltd. |
Retail and Other Services |
17,86,940 |
60.81 |
| Whirlpool Of India |
Consumer Durables |
2,10,362 |
47.5 |
| L&T Technology |
Capital Goods |
3,05,546 |
45.21 |
| Apollo Tyres |
Automobile and Ancillaries |
25,61,415 |
42.5 |
Top 10 buys in smallcap
| Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value (Rs. in crores) |
| Quess Corp Ltd. |
Miscellaneous |
93,68,346 |
470.6 |
| CSB Bank Ltd. |
Financials |
78,32,581 |
161.14 |
| Prince Pipes & Fittings Ltd. |
Consumer Durables |
81,63,967 |
124.46 |
| Can Fin Homes Ltd. |
Financials |
18,09,304 |
71.59 |
| Escorts Ltd. |
Automobile and Ancillaries |
10,75,293 |
68.11 |
| Narayana Hrudayalaya Ltd. |
Healthcare |
18,70,373 |
56.44 |
| Jyothy Labs Ltd. |
FMCG |
34,10,915 |
55.59 |
| TeamLease Services Ltd. |
Miscellaneous |
2,07,627 |
51.69 |
| Finolex Cables Ltd. |
Capital Goods |
13,91,912 |
51.41 |
| Delta Corp Ltd. |
Miscellaneous |
22,10,018 |
45.79 |
Top 10 sells in smallcap
| Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value (Rs. in crores) |
| Federal-Mogul Goetze (India) Ltd. |
Automobile and Ancillaries |
30,59,333 |
191 |
| National Aluminium Company Ltd. |
Metals |
3,10,61,229 |
136.75 |
| NIIT Ltd. |
Retail and Other Services |
60,26,180 |
60.17 |
| Tata Motors - DVR Ordinary |
Automobile and Ancillaries |
72,34,375 |
53.66 |
| Multi Commodity Exchange Of India |
Financials |
3,97,834 |
46.64 |
| Ujjivan Financial Services Ltd. |
Financials |
13,25,001 |
45.43 |
| Equitas Holdings Ltd. |
Financials |
42,27,034 |
44.9 |
| NBCC (India) Ltd. |
Construction |
88,42,976 |
32.54 |
| Dixon Technologies (India) Ltd. |
Consumer Durables |
83,809 |
29.78 |
| Star Cement Ltd. |
Construction |
32,53,333 |
29.39 |
In a very narrowed rally which pushed indian stock markets to record highs in 2019 with the help of very few selected largecap stocks, most Indian mutual fund managers followed a conservative investment approach. They stuck to large cap stocks to tackle a overall volatile market and benefit from the polarized rally.