Funds that sold like hot cakes last month!

In the last month, top selling counters were Aditya Birla Nuvo, which is a textile to telecom conglomerate. Others include Reliance Industries and Cairn India, which is a play on crude prices. In Cairn India, domestic funds have sold in and foreigners have increased their stake. Therefore, it is a balance at that end.

Stock                        Lk Shares  Value (Rs Crore)

Aditya Birla Nuvo            8.4              100
RIL                                4.5               96
Cairn                              21               58

Among interest rate sensitive counters, banking space have come into heavy selling pressure because banking index has lost 23% last month. State Bank of India and Punjab National Bank are among the top selling list.

Stock        Lk Shares     Value (Rs Crore)

SBI              5.4               61
PNB         11.14               42

On the auto front, top counters are Mahindra and Mahindra and Tata Motors. Tata Motors have sold Rs 45 crore shares by domestic funds, one reason could be its Jaguar and Landrover deal by which it could have a higher debt component and increase in equities.

Stock         Lk Shares   Value (Rs Crore)

M&M             11.7             57
Tata Motors    10.5            45

On the infrastructure space, three stocks have seen heavy sales. It's Simplex, Madhucon and Alstom Projects.

Stock          Lk Shares  Value (Rs Crore)

Simplex          14.3            61
Madhucon       12.6           45
Alstom Proj     12.3           42

In the entertainment space, NDTV and Zee Entertainment are the top counters.

Stock         Lk Shares  Value (Rs Crore)

NDTV            21.2             80
Zee Ent         29.7             60

By Shailendra Bhatnagar, CNBC-TV18

For more Mutual Fund News click here