What's hot, what's not with mutual funds?

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What's hot, what's not with mutual funds?

Mutual funds bought NTPC, SpiceJet and Crompton Greaves in a big way in February, 2010 while Bharti Airtel, Rural Electrification Corporation and HCC were the top sell.

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Nifty BSE | NSE 17/02/12 Are Mutual Funds betting on Nifty? Other Stocks in this news SpiceJet | Crompton Greaves | Bharti Airtel | Rural Electrification Corporation | Hindustan Construction Company | HDFC Bank | Axis Bank | Infosys | UltraTech Cement |

Mutual funds (MFs) bought huge quantity of shares of India's largest power generation company - NTPC, low-cost airline company - SpiceJet and power generation and transmission equipments maker - Crompton Greaves, while reduced exposure to nation's largest telecom player - Bharti Airtel, state-owned finance provider to power projects - Rural Electrification Corporation and construction company - HCC. Power, engineering, cement and banking & finance sectors dominated the top 50-buy list.

However, selling was seen in shares of construction, media, technology, sugar, telecom, realty, metal, auto, FMCG, companies. Stocks were re-aligned in the oil & gas, fertilizer & chemical and pharma sectors. In terms of value, NTPC, Crompton Greaves and HDFC Bank were the top purchases by MFs, while Axis Bank, Infosys and Ultratech Cement topped the selling list.

A study of the top ten mutual funds' equity portfolios as on February 28, which are Reliance, HDFC, Prudential ICICI, DSP BR, SBI, Tata, Templeton, UTI, Kotak and Birla Sun Life revealed that eight out of ten funds bought shares of NTPC. Among these funds, HDFC MF has bought biggest quantity of shares, which was over 1.3 crore shares. This stock was the top buy in terms of value as well as volume. In the power space, however, Rural Electrification Corporation was the second top sold stock in terms of volume; six out of eight MFs offloaded this stock and in which Reliance MF sold biggest quantity of shares, which were over 17 lakh shares.

Among other power stocks, fund houses bought shares of Adani Power, GVK Power, Lanco Infratech, JSW Energy and Tata Power while sold shares of NHPC, PTC India, Suzlon, Power Grid and Torrent Power.

Crompton Greaves was also among the top three stocks in terms of value and volume, wherein eight funds were buyers. SBI MF was the top buyer in the stock with over 57 lakh shares being bought. In the engineering segment, Voltas and BHEL were purchased while Punj Lloyd and AIA Engg sold.

The second top bought stock was SpiceJet, in which four funds made buying in the month of February. Birla bought over 82 lakh shares of the company.

HDFC Bank was the third top bought stock in terms of value. Seven out of ten funds added this stock and DSP Black Rock emerged as the largest buyer with more than 6.5 lakh shares being bought. However, Axis Bank topped the selling list; eight out of ten funds offloaded shares of this bank and Templeton MF sold over 14 lakh shares.

In the banking & financial space, fund houses bought Bajaj Finserv, Indian Bank, South Indian Bank, SBI and Bajaj Auto Finance while sold SREI Infra, Power Finance, IDFC, Union Bank, IndusInd Bank and Kotak Mahindra Bank.