Fund manager’s favourite stock in September 2021.
Financials remain the favourite stock of fund managers in the month of September 2021.
The month of September 2021 saw Nifty 50 inching up by almost 3%, while the broader market is up by almost 5%. The Nifty Bank that has been underperforming for a long was also up by 4.5% in September 2021. This is also reflected in the purchases made by domestic mutual fund managers last month. Out of the top 10 stocks where fund managers were most bullish among large-cap in September 2021, six were from the financial sector. SBI Cards and Payment Services was the stock where around Rs 1285 crore worth of shares was purchased by fund managers.
Following table shows the shares where MFs invested most in September 2021:
Large-Cap stocks
Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value(In Rs. cr) |
SBI Cards And Payment Services Ltd. |
Financials |
11844889 |
1285.26 |
HDFC Bank Ltd. |
Financials |
6807882 |
1081.23 |
SBI Life Insurance Company Ltd. |
Financials |
7788557 |
937.41 |
Axis Bank Ltd. |
Financials |
10827092 |
840.76 |
Bajaj Finance Ltd. |
Financials |
1061178 |
806.1 |
Adani Enterprises Ltd. |
Miscellaneous |
4255194 |
650.13 |
Bajaj Finserv Ltd. |
Financials |
345665 |
603.77 |
Bajaj Auto Ltd. |
Automobile and Ancillaries |
1576452 |
595.91 |
Tech Mahindra Ltd. |
Technology |
3383743 |
478.5 |
Power Grid Corporation Of India Ltd. |
Energy |
26018509 |
475.22 |
Mid-Cap Stocks
Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value(In Rs. cr) |
Max Healthcare Institute Ltd. |
Healthcare |
52457815 |
1954.18 |
Ashok Leyland Ltd. |
Automobile and Ancillaries |
48093037 |
616.91 |
Bharat Forge Ltd. |
Automobile and Ancillaries |
5728799 |
430.99 |
Aditya Birla Sun Life AMC Ltd. |
Financials |
5266140 |
374.95 |
Bata India Ltd. |
Retail and Other Services |
1699789 |
301.71 |
Coforge Ltd. |
Technology |
549741 |
287.24 |
Canara Bank |
Financials |
16117977 |
267.64 |
Oberoi Realty Ltd. |
Construction |
2754279 |
229.68 |
Vodafone Idea Ltd. |
Media and Communications |
237559131 |
213.8 |
The Phoenix Mills Ltd. |
Construction |
2246445 |
204.56 |
Small-Cap Stocks
Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value(In Rs. cr) |
Vijaya Diagnostic Centre Ltd. |
Healthcare |
14447792 |
823.45 |
Multi Commodity Exchange Of India Ltd. |
Financials |
1544906 |
245.35 |
Sansera Engineering Ltd. |
Automobile and Ancillaries |
3005483 |
242.27 |
Cyient Ltd. |
Technology |
2250869 |
229.61 |
Can Fin Homes Ltd. |
Financials |
2696066 |
169.55 |
V-Guard Industries Ltd. |
Capital Goods |
5605192 |
140.52 |
AMI Organics Ltd. |
Healthcare |
1009251 |
129.46 |
JB Chemicals & Pharmaceuticals Ltd. |
Healthcare |
724054 |
129.23 |
Arvind Fashions Ltd. |
Retail and Other Services |
4856220 |
126.5 |
eClerx Services Ltd. |
Technology |
494353 |
109.44 |
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Tanushree Jaiswal
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