ITC, MCX among top stocks bought and sold by mutual funds in July
Mutual Funds bought stocks worth Rs 45,400 crore in July, while their total cash and equivalents rose to Rs 1.85 lakh crore (5.46%) from Rs 1.82 lakh crore (5.34%) in June, according to Nuvama Institutional Equities.
The key additions across the mutual fund industry were State Bank of India (Rs 10,200 crore), Infosys (Rs 5,400 crore) and TCS (Rs 4,000 crore), while key reductions were Interglobe Aviation (Rs 2,400 crore), Eternal (Rs 1,700 crore), and HPCL (Rs 900 crore).
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The key additions for three consecutive months were State Bank of India, Bajaj Finance, Larsen & Toubro, Kotak Mahindra Bank, and Axis Bank, whereas the key reductions were Coal India, Grasim Industries, BPCL, Power Fin Corp, and TVS Motor Co for three consecutive months.
In largecaps, mutual funds’ key buys included State Bank of India, Infosys, M&M, Avenue Supermarts, and ITC, while major sells were Reliance Industries, Trent, Sun Pharma, Axis Bank, and Coal India.
In midcaps, notable additions were Travel Food Services (Rs 700 crore), JB Chemicals & Pharmaceuticals (Rs 600 crore), and Navin Fluorine International (Rs 600 crore), while major reductions were ACC (Rs 800 crore), Hindustan Copper (Rs 600 crore), and Aarti Industries (Rs 400 crore).In the midcap space, key additions for three consecutive months were UCO Bank, Apar Inds, Blue Star, Global Health and Central Bank Of India whereas key reductions included Radico Khaitan, Endurance Tech, 3M India, ACC, and Affle (India).Key buying in the midcap segment was seen in CG Power & Industrial, Dixon Technologies, Cummins India, FSN E-Commerce, Info Edge (India), while key selling was seen in Solar Industries, Max Healthcare, Indian Hotels Co, HPCL, Federal Bank.In the smallcap segment, the key additions were Marathon Nextgen (Rs 500 crore), India Shelter Finance (Rs 400 crore), and Ellenbarrie Industries (Rs 300 crore) whereas the key reductions were Rallis India (Rs 100 crore), Aditya Birla Fashion (Rs 100 crore), and CE Info Systems (Rs 100 crore).
For three consecutive months, key additions in the smallcap segment were Va Tech Wabag, Edelweiss Fin, NESCO, Alok Industries Ltd., and Maharashtra Seamless, and the key reductions were Power Mech Projects, Praj Industries, Strides Pharma, Thomas Cook (I), and Gujarat Pipavav Port.
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A significant buying in the small cap space was seen in Laurus Labs, RBL Bank, J B Chem & Pharm, India Shelter Finance and Kaynes Tech, while highest selling was seen in MCX, BSE, Hitachi Energy, Tega Industries, and Indiamart Intermesh.
The new entries in smallcap space included Globus Spirits & Edelweiss Finance, while Hindustan Copper made a complete exit.