Mutual Funds invest in 12 stocks and exit 5 stocks in February

Mutual Funds invest in 12 stocks and exit 5 stocks in February

Mutual Funds invest in 12 stocks and exit 5 stocks in February

Mutual Funds in equity and equity-oriented schemes observed withdrawn for the eighth consecutive month in February. Thus, investors sold nearly Rs. 4,534.36 crores worth of equity against Rs. 9,253.22 crores outflow in January. However, mutual funds invest nearly 12 stocks in the primary market.

In the equity market, MF schemes had sold in the month of February despite the market hitting fresh high levels.

In between June 2020 and February 2021, the MFs have sold equity shares worth Rs. 1.23 lakhs crores. The move indicates that fund houses may revolve aware in a soaring market prompted by global liquidity. At the same time, FIIs have invested equity shares worth about Rs. 2.40 lakhs crores.

On the other hand, the benchmark indices in February witnessed a 6% increase. Further, the broader markets climbed over 10%. Whereas, from June 2020 to February 2021, the BSE Mid-cap and Small-cap raised over 68% and 85%. Due to this move, the indices shot up over 51%.

Besides, Mutual Funds have made investments in 12 stocks listed on NSE. Those are Garware Polyester, Heranba Industries, Jubilant Ingrevia. Additionally, the secondary market plunges in MTAR Technologies, Nureca, RailTel Corporation of India, Safari Industries (India), Suryoday Small Finance Bank, and Suzuki Motor Corporation.

However, the MFs invests nearly Rs. 490 crores in these stocks.

MF Investments in 12 stocks:

 Company Name  Market Value (Rs. Crores)  No. of Shares  Bought (MF)
Accenture Plc  33.68  18,377  ICICI Pru MF
Arvind Fashions (Rights Entitlements)  0.96  4,27,394  HDFC MF
Garware Polyester  0.87  14,000  Quant MF
Heranba Industries  37.50  5,98,115  HDFC MF, IDFC MF
Jubilant Ingrevia  17.06  13,83,375  Quant, Nippon, Edelweiss, IDBI, Shriram
MTAR Technologies  100.14  18,51,851  SBI, Axis
Nureca  9.82  1,44,863  Quant
Quantum Information Systems  0  45,000  Franklin Templeton
Railtel Corporation of India  282.35  2,32,67,435  Aditya Birla, HDFC, ICICI Pru, Kotak, Nippon India, Tata, BOI AXA, Edelweiss, Union, IIFL
Safari Industries (India)  19.13  3,00,000  Sundaram
Shreno 22.67  1,49,86,052  SBI MF
Suryoday Small Finance Bank  60.12  20,56,555  Axis
Suzuki Motor Corporation  189.48  1,42,519  PPFAS

MFs exit in 5 stocks:

 Company Name  Market Value (Rs. Crores)  No. of Shares  Bought (MF)
Fairchem Organics  7.7  1,29,576  SBI
Hindustan Media Ventures  0.47  87,074  Franklin Templeton
Kanchi Karpooram  3.7  73,200  Quant
Precision Camshafts  1.89  4,46,691  ICICI Pru
Ultramarine & Pigments  0.37  12,118  Sundaram

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