This article is more than 1 month old.

Here's what mutual funds bought and sold the most in May

Mini

The equity and equity-oriented mutual funds witnessed net inflow for the third consecutive month in May 2021 at Rs 10,082 crore. This was the highest monthly net inflow after February 2020.

Here's what mutual funds bought and sold the most in May
The mutual funds (MF) industry's total asset under management (AUM) witnessed a sequential rise of 2.1 percent to Rs 33.1 trillion in May 2021. This was led by an MoM increase in AUM of equity funds, other ETF funds, and balanced funds.
The equity and equity-oriented mutual funds witnessed net inflow for the third consecutive month in May 2021 at Rs 10,082 crore. This was the highest monthly net inflow after February 2020. A rally in market indices and an increase in equity scheme sales led to this huge amount of inflows.
In May 2021, MFs showed interest in PSU banks, oil & gas, automobiles, capital goods, insurance, and private banks, leading to an MoM increase in their weights.
Also read:
Healthcare, metals, consumer, technology, telecom, chemicals, consumer durables, and cement reported MoM decline in weights, according to a report by Motilal Oswal.
Private banks (18 percent) were the top sector holding for MFs in May 2021, followed by technology (11 percent), healthcare (7.6 percent), and NBFCs (7.4 percent). Media, PSU banks, insurance, oil & gas, and capital goods saw the maximum increase in value MoM.
Meanwhile, MFs were net buyers in 46 percent of Nifty stocks during the month. The highest MoM net buying was seen in SBI Life Insurance (+41 percent), Hero MotoCorp (+19 percent), JSW Steel (+10.6 percent), ONGC (+4.1 percent), and HDFC (+2.9 percent).
Further, the report said, in May 2021, six of the top ten stocks that saw the maximum increase in value were from the BFSI space.
SBI, HDFC Bank, ICICI Bank, Reliance Industries, HDFC, L&T, SBI Life Insurance, Infosys, Axis Bank, and Maruti Suzuki increased the most in terms of value MoM.
Stocks that saw the maximum decline in value MoM were JSPL, Cholamandalam Investment & Finance, Deepak Nitrite, Tata Chemicals, Britannia Industries, Tata Steel, Info Edge, Linde India, Navin Fluorine, and Tata Consumer.
The Nifty rallied in May, propelled by strong FII inflows in the second half of the month and a steady decline in daily COVID-19 cases in India, as well as supported by strength in other Asian stock markets.
Here are the top 10 large-cap stocks that MFs bought in May 2021.
Source: ICICI Direct report
These are the top 10 large-cap stocks that MFs sold in May 2021.
Source: ICICI Direct report
Among midcaps, ZEEL, Jubilant Pharmova, Godrej INdustries, among others were the top buys by MFs.
Source: ICICI Direct report
These are the top 10 sells in Midcaps by MFs.
Source: ICICI Direct report
MFs' top 10 buys in small caps included TCNS Clothing, TV19 Broadcast, Magma Fincorp, among others.
Source: ICICI Direct report
MFs' top 10 sells in small caps included Gufic Biosciences, Sterling & Wilson Solar, Praj Industries, among others.
Source: ICICI Direct report
(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Market Movers

CompanyPriceChng%Chng
Shree Cements29,320.00 1,054.25 3.73
Titan Company1,774.80 60.25 3.51
BPCL458.80 13.30 2.99
Eicher Motors2,601.50 71.25 2.82
Adani Ports693.45 18.95 2.81
CompanyPriceChng%Chng
Titan Company1,774.00 59.50 3.47
M&M757.90 14.70 1.98
Reliance2,068.85 33.45 1.64
Axis Bank720.10 11.10 1.57
TCS3,216.75 49.25 1.55
CompanyPriceChng%Chng
UPL790.60 -17.95 -2.22
Tata Steel1,409.80 -24.50 -1.71
Bajaj Finserv14,126.55 -95.65 -0.67
Bajaj Finance6,196.00 -32.10 -0.52
NTPC117.80 -0.40 -0.34
CompanyPriceChng%Chng
Tata Steel1,409.90 -23.85 -1.66
Bajaj Finserv14,130.15 -91.15 -0.64
NTPC117.75 -0.45 -0.38
Bajaj Finance6,197.45 -31.45 -0.50
Dr Reddys Labs4,700.95 -11.75 -0.25

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.3400-0.0700-0.09
Euro-Rupee88.43500.24200.27
Pound-Rupee103.47400.19000.18
Rupee-100 Yen0.6786-0.0001-0.01