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

BSE | NSE 10/02/12 Other Stocks in this news 3i Infotech | ITC | Reliance Petroleum | Bharti Airtel | Idea Cellular |

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

Top shares traded by MFs  (based on volume)
Top 5 shares bought	No. of Shares
NHPC	102865991
3i Infotech	11884118
ITC	11369062
Ashok Leyland	9485886
IDFC	8881771
Top 5 shares sold	No. of Shares
Reliance Petroleum	-48195918
Bharti Airtel	-11651134
Idea Cellular	-10732249
Rural Electrification	-10055426
Rico Auto	-8552563

Sun Life reveals that seven out of eight funds bought shares of NHPC, which listed on September 01. The company raised over Rs 6,000 crore via public offering, which opened for subscription during August 7 and August 12, 2009. It was still trading below issue price while writing this article. Among these seven funds, ICICI Pru and SBI MFs bought biggest quantity of shares, which was over 4 crore shares each. Among other power stocks, Suzlon Energy and GMR Infrastructure were bought. However, PTC India, Power Grid Corporation, Adani Power, GVK Power, Areva T&D and NTPC and Rural Electrification Corporation were sold.

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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