Infosys, Cholamandalam Investment and Finance Company, Oil and Natural Gas Corporation were the most sold large-cap stocks by mutual funds in October, showed data analysed by ICICI Securities.
Kotak Mahindra Bank, ICICI Bank, Reliance Industries, Tech Mahindra and NTPC were the most bought large-cap stocks in October.
Among mid-caps, Dixon Technologies, NMDC, Aurobindo Pharma, Syngene International and HDFC Asset Management Company were the most bought mid-cap stocks, while Indian Hotels Company, Bandhan Bank, Mphasis, Indraprastha Gas, Atul Limited were the most sold.
On an aggregate basis, top-5 MF buys/sells in Oct’23 across various active fund categories (active funds excludes ETFs, arbitrage and Index funds)
Active ‘market cap’ based MF portfolios continue to see buying across sectors led by healthcare, private banks plus other financial services, industrials etc. while selling was observed in PSU banks during Oct’23, noted the report.
SIP inflows also continue to rise structurally in spite of extreme volatility and have reached north of $2billion per month.