Top Buys & Sells of India’s Leading Money Managers

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

Added / Reduced Stakes

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

Added / Reduced Stakes

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

Added / Reduced Stakes

Top 10 buys in largecap

Top 10 sells in largecap

Top 10 buys in midcap

Top 10 sells in midcap

Top 10 buys in smallcap

Top 10 sells in smallcap

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.

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