Mutual funds, MFs bought huge quantity of shares of India’s largest hydro power generator NHPC, technology company 3i Infotech and FMCG and tobacco major ITC, while reduced exposure to Mukesh Ambani’s Reliance Petroleum, India’s largest telecom player Bharti Airtel and AV Birla group company Idea Cellular. Oil & gas, banking & finance and auto dominated the top 50-buy list. However, selling was seen in shares of telecom, realty, shipping, construction & cement, chemical and metal companies. Stocks were re-aligned in the technology, FMCG, power, pharma and media sectors.

In terms of value, Reliance Industries, Axis Bank and Oil India were the top purchases by MFs, while Reliance Petroleum, HDFC and Bharti Airtel topped the selling list.
 
A study of the top ten mutual funds' equity portfolios as on September 30, which are Reliance, HDFC, ICICI, DSP BR, SBI, Tata, Templeton, UTI, Kotak and Birla

3i Infotech was the second top bought stock in terms of volume, where in two out of three funds bought. Reliance MF was the top buyer of the stock with over 1 crore shares being bought. In the technology space, funds bought Polaris Software, MindTree, Firstsource Solutions and Redington (India) while sold HCL Technologies, HCL Infosystems, Patni Computer, NIIT and TCS.

Third top bought stock in terms of volume was ITC, wherein five out of ten funds made investment. ICICI Pru MF was the top buyer, which bought over 76 lakh shares.  However, Hindustan Unilever, Marico and Dabur India figured in the selling list of top 50 stocks, from the FMCG space.

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