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Top stocks purchased by mutual funds in September: Aditya Birla AMC shares amongst funds’ top purchases

Mutual fund managers continued to lap up shares of debutant firms in September with Aditya Birla Sun Life AMC and Vijaya Diagnostic creating it to the portfolio of various mutual fund homes. According to information sourced by Edelweiss Alternative Research, fund managers deployed Rs 15 billion in IPOs, with the most significant chunk towards Vijaya Diagnostic. Fund homes invested practically Rs 8 billion in the IPO of Vijaya Diagnostics. Further, mutual funds had been seen escalating weightage in utilities, pushing it to a seven-month higher, even though decreasing the weightage of the telecom sector and private banks, analysts at Motilal Oswal highlighted. 

Which stocks mutual funds purchased in September

SBI AMC: Aditya Birla Sun Life AMC was the top rated purchase for SBI Mutual fund, placing in Rs 80 crore in the freshly listed firm, information sourced by ICICI Securities showed. AMI Organics was the second most bought share by the fund home, pumping in Rs 53 crore into the stock. The other stocks purchased by SBI Mutual Fund include things like Jindal Steel and Power, and Steel Authority of India, taking the worth of each in the portfolio to practically Rs 80 crore, followed by Max Healthcare Institute.

ICICI Prudential Mutual Fund: The fund home bought shares of Aditya Birla Sun Life AMC throughout the preceding month, taking the worth of the stock in its portfolio to Rs one hundred crore. The second most bought stock by ICICI Prudential was the Indian Energy Exchange. Sonata Software, SBI Cards and Payment Services, and Manappuram Finance had been the other 3 most bought shares in September. 

HDFC Mutual Fund: Aditya Birla Sun Life was the top rated bet made by the fund home in September adding 18 lakh shares of the firm worth Rs 102 crore, according to ICICI Securities. The second most purchased stock by HDFC AMC was Zee Entertainment Enterprises. Stuck in in between investors and promoters, the media giant enhanced its weight in HDFC Mutual Fund’s portfolio to Rs 190 crore from Rs 46 crore earlier. Bharat Heavy Electricals, Adani Enterprises, and Escorts had been the other stocks that saw the highest enhance in weightage. 

Aditya Birla Sun Life AMC: Amid its IPO, fund managers at Aditya Birla Sun Life AMC enhanced their holdings in HDFC AMC. The marketplace worth of HDFC AMC shares held by The fund home at the finish of September was Rs 60 crore. Oil &amp Natural Gas Corporation, Oracle Financial Services Software, Bajaj Auto, and Canara Bank had been the other stocks had been Aditya Birla Suna Life AMC enhanced its shareholding. 

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