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

Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news 3i Infotech | ITC | Reliance Petroleum | Bharti Airtel | Idea Cellular |

Reliance Petroleum (RPL) topped the selling list in terms of value as well as volume. All five funds, who owned the stock, sold shares of this company, which might be entire offloading from these funds. RPL merged with Reliance Industries ,

Top shares traded by MFs    (based on value)
Top 5 shares bought	Value (Rs in cr)
Reliance Industries	981.99
Axis Bank	688.49
Oil India	470.10
NHPC	354.89
ITC	264.96
Top 5 shares sold	Value (Rs in cr)
Reliance Petroleum	-631.13
HDFC	-495.02
Bharti Airtel	-487.89
State Bank of India	-272.68
Sterlite Industries	-265.18

so September 24 was the last date for trading in the stock and all F&O contracts expired on the same date. ICICI Pru was the top seller with over 2 crore shares being sold. However, in the oil & gas space, Reliance Industries (RIL) and Oil India (OIL) were the first and third top bought stocks in terms of value. Nine out of ten funds bought the RIL and DSP BR emerged as the top buyer with over 11 lakh shares being purchased.

OIL listed on exchanges on September 30, 2009 and while writing this article, it was trading above its issue price of Rs 1,050 per share. Nine funds might be received shares of the company in allotment. HDFC MF received over 14 lakh shares. MFs also bought Cairn India while sold BPCL and oil transporter Gujarat State Petronet in the month of September.

Bharti Airtel was among the top three sold stocks in terms of value as well as volume, as Bharti-MTN deal called off on September 30. The stock had run up before that deal gets cancelled. It has seen sharp correction from that day, as institutions sold huge quantity of shares. Eight out of ten funds offloaded shares and in that HDFC MF emerged as the top seller with over 5 lakh shares being sold. However, Templeton bought nearly 30 lakh shares.

In terms of volume, third top sold stock was Idea Cellular. Nine out of ten funds reduced the exposure to the stock and SBI & Templeton were the top sellers. They sold over 25 lakh shares each. However, Reliance Communications figured in the buying list of top 50 stocks. Four out of ten funds purchased shares and SBI MF was the top buyer with over 13 lakh shares being bought.

Axis Bank was the second top bought stock in terms of value, wherein eight out ten funds were buyers. ICICI Pru MF emerged as the top buyer, which bought over 24 lakh shares. However, HDFC was the second top sold stock in terms of value, which had emerged as the top bought stock in the previous month. Seven out of ten funds were sellers and Templeton was the top seller, which sold over 17 lakh shares. In the banking and finance pack, funds purchased shares of IDFC, IFCI, Allahabad Bank, IDBI Bank, Dena Bank, Oriental Bank of Commerce, Reliance Capital, LIC Housing Finance, Union Bank of India and Central Bank of India while sold SBI, Indiabulls Financial Services and Canara Bank.

In the auto and ancillary space, MFs bought Ashok Leyland, Escorts, Apollo Tyres, Exide Industries, Tube Investments, Automotive Axles and M&M while sold Swaraj Mazda, Amtek Auto and Rico Auto.

However, funds offloaded Unitech and Indiabulls Real Estate in the realty space. In the shipping pack, Mercator Lines and GE Shipping were among the selling list of top 50 stocks. 

In the cement and construction segment, MFs sold shares of companies like Ambuja Cements, Jaiprakash Associates, Patel Engineering and HCC while bought Prism Cement, Madras Cements, Era Infra Engineering and Nagarjuna Construction. In the metal pack, Hindalco Industries, Sesa Goa, Gujarat NRE Coke and Sterlite Industries were among the selling list of top 50 stocks while funds bought ISMT.

Mutual funds reduced exposure to chemical space by selling shares of Tata Chemicals and United Phosphorous while bought GSFC.

Stocks were re-aligned in the pharma and media sectors. Funds bought Biocon and Alembic while offloaded Orchid Chemicals and Cipla in the pharma pack.

In the media space, Zee Entertainment and Wire & Wireless figured in the buying list of top 50 stocks while funds bought IBN18 Broadcast, Network 18 Media, Jagran Prakashan and Dish TV.  In the sugar pack, MFs bought Triveni Engineering and Balrampur Chini while sold Shree Renuka Sugars.

By Sunil Shankar Matkar.....