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

Idea Cellular was one of the top three stocks in the buying list on volume basis. Three out of seven MF houses purchased this stock and Templeton MF was the top buyer with over 1 crore shares being bought. However, among the telecommunication stocks, MFs reduced exposure to Reliance Communications and Tata Communications.

Ashok Leyland topped the selling list of first 50 stocks on volume basis. Four out of five funds sold this stock and Templeton MF was the top seller, which sold over 1 crore shares. Apollo Tyres was the second top selling stock in terms of volume; in which four out of six MFs made offloading and Templeton MF sold biggest quantity of shares, which was over 56 lakh shares. Tata Motors emerged as the top sold stock in terms of value; eight out of ten MFs were the sellers and Reliance MF offloaded over 16 lakh shares.

Among other auto and ancillary stocks, funds bought Escorts while sold Exide Industries, TVS Motor Company and Asahi India Glass.

Top shares traded by MFs    (based on value)
Top 5 shares bought	Value (Rs in cr)
Tata Steel	498.89
Hindalco	287.32
SAIL	150.98
Cox and Kings	142.21
HUL	126.23
Top 5 shares sold	Value (Rs in cr)
Tata Motors	-212.88
TCS	-175.38
Jindal Steel	-167.77
Infosys Tech	-139.87
Lupin	-138.29

IDFC was one of the top three sold stocks in terms of volume; eight out of ten MFs sold this stock and DSP MF offloaded highest quantity of shares with over 56 lakh shares being sold. In the banking & financial space, MFs sold Yes Bank, Andhra Bank, Bank Of Baroda, Power Finance Corporation, Rural Electrification Corporation, Canara Bank, Punjab National Bank, Indian Overseas Bank, Axis Bank, Dena Bank, Indian Bank and LIC Housing Finance while bought South Indian Bank, Bajaj Finserv and SREI Infrastructure Finance.

TCS emerged as the second top stock in the selling list of top 50 stocks in terms of value; seven out of ten MFs sold this stock and Prudential ICICI MF was the top seller with over 15 lakh shares being sold. In the technology space, however, MFs bought HCL Technologies, Polaris Software Lab and Firstsource Solutions.

Among other sectors, power, FMCG, airline and packaging sectors dominated the top 50-buy list.

In the power space, funds bought NHPC, Suzlon Energy, NTPC and PTC India while sold GVK Power & Infrastructure and Power Grid Corporation of India. 

MFs bought Hindustan Unilever while sold United Spirits in the FMCG segment. In the airline space, MFs bought Jet Airways and SpiceJet. In the packaging segment, they bought Time Technoplast and Essel Propack.

However, they offloaded Cairn India and ONGC while bought Hindustan Petroleum Corporation, Indraprastha Gas and Petronet LNG in the oil & gas pack.

MFs reduced exposure to Anant Raj Industries, Unitech and Indiabulls Real Estate in the realty segment. They sold Balrampur Chini Mills and Dhampur Sugar Mills in the sugar space.

Stocks were re-aligned in the engineering, pharma, media and textile sectors.
In the engineering segment, MFs purchased Texmaco, Siemens, Alstom Projects, Jyoti Structures, Greaves Cotton and Praj Industries while offloaded AIA Engineering, Punj Lloyd and Crompton Greaves.

They bought Glenmark Pharma and Stride Arcolab while sold Orchid Chemicals, Lupin, Piramal Healthcare and Biocon in the healthcare segment.

In the media space, they purchased Dish TV, Wire and Wireless (India) and IBN18 Broadcast while offloaded HT Media and Deccan Chronicle Holdings.

MFs bought Bombay Dyeing and Manufacturing Company while reduced exposure to Century Textiles and Industries in the textile space.

By Sunil Shankar Matkar.....