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Last Updated : Sep 15, 2020 03:11 PM IST | Source: Moneycontrol.com

Mutual funds face redemption pressure; fund houses bought/sold these stocks in August

Mutual funds saw a net outflow of Rs 4,000 crore from equity and equity-related schemes in August against the outflow of Rs 2,489 crore in July

Mutual funds continued to face redemption pressure for the second consecutive month in August as investors booked profit given the rally in the equity market in the last few months. It saw a net outflow of Rs 4,000 crore from equity and equity-related schemes in August against the outflow of Rs 2,489 crore in July, according to the official data. Inflow via systematic investment plans (SIP) remained healthy but has been consistently declining for the past several months. SIP inflows stood at Rs 7,791 crore in August against Rs 7,830 crore logged in the previous month.

Mutual funds continued to face redemption pressure for the second consecutive month in August as investors booked profit given the rally in the equity market in the last few months. It saw a net outflow of Rs 4,000 crore from equity and equity-related schemes in August against the outflow of Rs 2,489 crore in July, according to the official data. Inflow via systematic investment plans (SIP) remained healthy but has been consistently declining for the past several months. SIP inflows stood at Rs 7,791 crore in August against Rs 7,830 crore logged in the previous month. Here are the stocks that fund houses bought and sold:

Eight stocks that funds invested in are ADF Foods, Associated Alcohols & Breweries, Fairchem Organics, Fiem Industries, Kovai Medical Center & Hospital, MSTC, Technocraft Industries (India) and Mindspace Business Parks REIT, as highlighted by Dolat Capital.

Eight stocks that funds made new investments in are ADF Foods, Associated Alcohols & Breweries, Fairchem Organics, Fiem Industries, Kovai Medical Center & Hospital, MSTC, Technocraft Industries (India) and Mindspace Business Parks REIT, as highlighted by Dolat Capital.

The four stocks they exited are Macpower CNC Machines, NDR Auto Components, Novartis India and RSWM, according to Dolat Capital.

The four stocks they completely exited in August are Macpower CNC Machines, NDR Auto Components, Novartis India, and RSWM, according to Dolat Capital.

Nifty50 stocks, maximum buying by MFs was seen in Axis Bank, Coal India, Dr Reddy's Labs, HDFC, ICICI Bank, Infosys, ITC, SBI, Sun Pharma, TCS and Tech Mahindra.

Among Nifty50 stocks, maximum buying by MFs was seen in Axis Bank, Coal India, Dr Reddy's Labs, HDFC, ICICI Bank, Infosys, ITC, SBI, Sun Pharma, TCS and Tech Mahindra.

In Nifty50 selling was seen in Adani Port, Asian Paints, BPCL, Bharti Infratel, Eicher Motors, GAIL, HCL Technologies, HDFC Life, HUL, IOC, Kotak Mahindra Bank, Maruti Suzuki, Reliance Industries, Tata Motors and Titan Company.

And among Nifty stocks, selling was seen in Adani Port, Asian Paints, BPCL, Bharti Infratel, Eicher Motors, GAIL, HCL Technologies, HDFC Life, HUL, IOC, Kotak Mahindra Bank, Maruti Suzuki, Reliance Industries, Tata Motors, and Titan Company.

In the midcap space, Alkem Labs, Apollo Hospitals Enterprises, Cummins India, GSPL, M&M Financial, Mphasis, NALCO and Tata Power witnessed maximum buying by mutual funds.

In the midcap space, Alkem Labs, Apollo Hospitals Enterprises, Cummins India, GSPL, M&M Financial, Mphasis, NALCO and Tata Power witnessed maximum buying by mutual funds.

Selling in midcap segment was seen in Aarti Industries, Adani Gas, Apollo Tyres, Emami, Exide Industries, Jubilant Foodworks, Mahanagar Gas, Syngene International and Tata Consumer Products, Dolat Capital added.

Selling in the midcap segment was seen in Aarti Industries, Adani Gas, Apollo Tyres, Emami, Exide Industries, Jubilant Foodworks, Mahanagar Gas, Syngene International, and Tata Consumer Products, Dolat Capital added.

First Published on Sep 15, 2020 03:02 pm
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