On whose instructions does the stock market ‘ta ta thia’, where did the money go? 99 out of 100 investors don’t know

New Delhi. Big money also includes mutual funds that control the stock markets. Like Foreign Investors (FIIs), their positions are worth crores of rupees. In such a situation, many small investors follow FIIs or DIIs to know which stock they are picking and which stock they are selling. Currently running in August 2024. But do you know which stocks mutual funds expressed their confidence in in the Indian stock market in July? This is important to know, as these shares may have earning potential.

Mutual fund managers constantly make changes to their portfolio to give better returns to their investors. They increase the stake in some stocks and reduce in others. According to Nuvama Alternative and Quantitative Research’s Mutual Fund Insights report, in July, mutual funds bought many large-, mid-, and small-cap stocks and sold many. Last month, mutual funds bought shares worth around Rs 206 billion.

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Increase in large stocks
In July, mutual funds invested heavily in Vedanta (Rs 33 billion), HDFC Bank (Rs 27 billion) and ITC (Rs 27 billion). At the same time, it reduced its stake in TCS (Rs 27 billion), NTPC (Rs 26 billion) and Avenue Supermart (Rs 21 billion).

Over the past three months, there has been continuous buying of large stakes in HDFC Bank, Life Insurance Corporation, Hindustan Unilever, ITC and Larsen & Toubro. Along with this, Bharti Airtel, NTPC, Hindustan Aeronautics, Avenue Supermart and Bharat Electronics have seen steady sales. In terms of large stocks, Adani Enterprises and IDBI Bank are new entrants in July.

Where is the action in mid-cap stocks?
In the mid-cap sector, Sona BLW, Jubilant Food Works, Lloyds Metals & Energy, Apar Industries and Sun TV Network have been consistent buys over the past three months. While SCI, Kenfin Homes, National Aluminum and Railtel Corporation were sold. In mid-cap, mutual funds built new positions in Lloyds Metals, New India Assurance and Yes Bank.

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Small cap stocks
In small caps, Red Tape, Arvind Ltd., Lloyds Engineering, PowerMac Projects and Veroc Engineering have been consistent buyers in the last three months. At the same time, sales were seen in Ahluwalia Contracts, CMS Infosystems, Avanti Feeds, Mahindra Holiday and Jupiter Lifeline. Mutual funds have completely exited five small cap stocks – SCI, CPCL, Mangalam Cement, Sundaram Clayton and Purvankara.

New entrants in small stocks include JTL Industries, SMS Pharmaceuticals, Ramakrishna Forgings, Technocraft Industries and Petty Engineering. Top holdings of mutual funds in small cap include Crompton Greaves, Blue Star, Carborundum Universal, Emami and Kalpataru projects.

(Disclaimer: This news is published for informational purposes only. If you want to invest in any of these shares, consult a certified investment advisor first. News 18 Your profit or loss shall not be liable.)

Tags: Mutual Funds, Stock market, Stock tips