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Record inflows: Top 10 stocks that MFs shopped big for in past 6 months

Dhuraivel Gunasekaran | July 15, 2024 / 11:38 IST
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Indian equity markets have been hitting new highs almost every day, despite increased volatility. Over the last six months, domestic equities markets have experienced an unprecedented volatility due to the enthusiasm surrounding the Union Elections. Such volatility hasn’t deterred individual investors who continued their investment journey in equities through mutual funds. Equity mutual funds have received the record net inflows of Rs 1.66 lakh crore over the last six months, AMFI data shows. Volatility provides opportunities for fund managers to take new positions in the beaten down quality stocks. Here are the top 10 stocks that mutual funds increased their exposure over the last six months. Stocks that saw a significant increase in the number of shares (in percentage terms) in the mutual fund holdings over the last six months are shortlisted. When compiling the final list, stocks with MFs' higher investment worth were also taken into account. Period considered: December 31, 2023 to June 30, 2024. Source: ACE MF.
The Indian stock market continues its record run despite an increase in volatility. Over the past six months, the market has seen some wild swings in the run-up and after the Lok Sabha elections, the result of which was declared on June 4. The volatility, however, hasn’t deterred investors, who have continued their investment journey in equities through mutual funds. Equity mutual funds got record net inflows of Rs 1.66 lakh crore over the past six months, AMFI data shows. Volatility offers fund managers an opportunity to take new positions in the beaten down quality stocks. Here are the top 10 stocks that mutual funds increased their exposure in during the December 31-June 30 period. These stocks saw a significant increase in the number of shares (in percentage terms) in the mutual fund holdings. While drawing up the list, we only considered stocks in which mutual funds had a higher investment.                                                                                                                                                             Source: ACE MF.
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Indus Towers
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 132
Total no. of schemes holding the stock as of June 30, 2024: 188
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HDFC Life Insurance Company
M-Cap type: Large Cap
No. of schemes that added the stock over the last six month: 50
Total no. of schemes holding the stock: 192

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4/11
Jubilant FoodWorks
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 15
Total no. of schemes holding the stock: 138
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Mphasis
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 22
Total no. of schemes holding the stock: 170

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6/11
Aurobindo Pharma
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 23
Total no. of schemes holding the stock: 164
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Adani Ports and Special Economic Zone
M-Cap type: Large Cap
No. of schemes that added the stock over the last six month: 62
Total no. of schemes holding the stock: 170
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Kotak Mahindra Bank
M-Cap type: Large Cap
No. of schemes that added the stock over the last six month: 61
Total no. of schemes holding the stock: 366

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Gland Pharma
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 15
Total no. of schemes holding the stock: 118
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Eicher Motors
M-Cap type: Large Cap
No. of schemes that added the stock over the last six month: 24
Total no. of schemes holding the stock: 181
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Voltas
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 42
Total no. of schemes holding the stock: 172

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First published: Jul 15, 2024 10:19 am

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