MF Top Buys/Sell – April 2020

From the Desk of DreamLadder: May 18, 2020

AUM of MF industry grew 7.5% MoM to ~Rs.24 lakh cr. Out of this, Equity AUM stands at Rs.6.87 lakh cr and saw Rs.6108 cr of net inflow in April 2020 as compared to Rs.11485 cr in March 2020. SIP book remains healthy at ~Rs.8400 cr during April month.

 

Domestic MFs were net seller in April 2020 – sold Rs.6062 cr as against net buyer of Rs.28452 cr in March 2020. On the other hand, FIIs were net seller in both March & April months (Rs.62434 cr and Rs.309 cr, respectively).

Entry/Exit: AMC wise

Key Highlights:

a) Big names like SBI MF, ICICI MF, Kotak MF and DSP MF cut their exposure in HDFC Bank

b) While Axis MF & Mirae MF have increased exposure to HDFC Bank

c) In Bajaj twins, Axis MF & ICICI MF have reduced the stake while SBI MF and HDFC MF (small rise) increased the stake.

d) Almost all AMCs have exited from GSK

e) Almost all fund houses have increased exposure to Pharma sector – Axis MF has 3 Pharma names in Top 6 buys

f) On RIL, all of these names sold in the month of April except Axis MF and SBI MF


1) SBI MF:

New Buy: Metropolis Healthcare, CCL Products (India) Ltd, Cyient

Complete Exit: GSK, CESC, JB Chemicals


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
ITC                664.8 HDFC Bank                558.8
Reliance Industries                472.3 Kotak Mahindra Bank                558.4
Page Industries                383.9 Bharti Airtel                333.7
Bajaj Finance                345.8 ICICI Lombard General                320.7
Hindustan Unilever                335.2 Axis Bank                254.8
Sun Pharma                322.3 GSK                214.3


2) HDFC MF:

New Buy: Indraprastha Gas   

Complete Exit:  Indostar Capital, JK Cement, ABB Power


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
Axis Bank                201.6 Reliance Industries                324.3
Bharti Airtel                184.4 Oracle Financial                183.1
ICICI Bank                163.6 Infosys                174.1
Bajaj Finance                  93.3 TCS                125.9
Hindalco Industries                  78.6 L&T Technology                116.3
HPCL                  77.6 Siemens                106.5 


3) ICICI MF:

New Buy: NA 

Exit: SBI Cards, GSK


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
Axis Bank                274.7 ITC                561.3
BPCL                221.5 HDFC Bank                499.5
SBI                191.9 Reliance Industries                350.6
Wipro                188.9 Tata Consumer Products                322.5
Infosys                170.5 Bajaj Finserv                287.7
Britannia                149.4 Power Grid Corp                217.5

 

4) Aditya Birla MF:

New Buy: Manappuram Finance, Abbott India

Exit: GSK, Equitas, Muthoot Finance


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
HDFC                 290.0 Tech Mahindra                292.0
ICICI Bank                198.0 ITC                291.0
HDFC Life Insurance                188.5 State Bank Of India                264.9
Ultratech Cement                159.2 Larsen & Toubro                230.7
Bharti Airtel                132.9 Axis Bank                225.1
Kotak Mahindra Bank                  95.1 Reliance Industries                159.9

 

5) Kotak MF:

New Buy: Berger Paints

Exit: GSK, Muthoot Finance, Healthcare Global


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
State Bank Of India                242.9 Sun Pharma                238.7
Infosys                239.9 Reliance Industries                199.8
Hindustan Unilever                158.1 HDFC Bank                199.6
Titan Company                130.3 Axis Bank                180.8
Ultratech Cement                110.8 IndusInd Bank                134.3
HDFC Life Insurance                108.2 GSK                  94.3

 

6) Axis MF:

New Buy: Metropolis Healthcare, 3M India

Exit: Max Financials, Indian Hotels, REC


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
Reliance Industries                497.7 ICICI Bank                486.4
HDFC Bank                394.6 Bandhan Bank                338.1
Dr. Reddys                359.1 Avenue Supermarts                323.1
TCS                328.1 HDFC                295.8
Divis Laboratories                296.1 Bajaj Finserv                266.0
Torrent Pharma                254.6 Bajaj Finance                243.3

 

7) DSP MF:

New Buy: Trent, TTK Prestige, PI Industries

Exit: SBI Cards, Maharashtra Seamless


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
Britannia Industries                152.1 Hindustan Unilever                372.5
Muthoot Finance                138.5 Reliance Industries                228.4
Titan Company                138.4 HDFC Bank                221.3
Sun Pharma                124.3 Axis Bank                218.1
Bajaj Auto                115.5 Kotak Mahindra Bank                215.5
Manappuram Finance                110.4 Ipca Laboratories                182.2

 

8) Mirae Assets:

New Buy: Apollo Hospitals, Nippon India Life AMC   

Exit: Navin Fluorine


Top Buys Amount (Rs. Cr) Top Sell Amount (Rs. Cr)
HDFC Bank                175.8 Reliance Industries                114.4
Cholamandalam Invest                130.1 Titan                  86.1
Infosys                106.3 Dabur India                  71.3
Axis Bank                  96.2 Hindustan Unilever                  70.3
IndusInd Bank                  88.3 Page Industries                  57.2
Tata Chemicals                  87.5 Biocon                  53.6




Disclaimer: The views expressed here are based solely on information available publicly/internal data/other reliable sources believed to be true. Facts presented have been verified, however, the same may contain human errors/ errors from database. The information is provided merely as a complementary service and do not constitute an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of any transactions or contract of any kind.

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