Stocks attracting Fund Managers in November 2021
5paisa Research Team
14th December 2021 - 12:33 pm
In November 2021, domestic institutional investors (DII) lend support to the market when foreign institutional investors (FII) were selling domestic equity.
The month of November 2021 saw prominent equity indices falling by approximately 4% on the back of relentless selling by FIIs. Nevertheless, DIIs and especially mutual fund schemes bought into domestic equity and supported the Indian equity market. Now, you must be eager to know what the mutual fund managers bought.
So, let’s know which stocks attracted fund managers in November 2021.
In November 2021, Bank and Technology ruled the roost when it comes to investment from mutual funds. These two sectors were on the top of the fund managers’ buying list.
Top 10 Companies among Largecap where MFs were Net Buyers in November 2021.
|
Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value(In Rs. cr) * |
|
Reliance Industries Ltd. |
Energy |
39475409 |
9754.5 |
|
Axis Bank Ltd. |
Financials |
54207597 |
3788.4 |
|
ICICI Bank Ltd. |
Financials |
44443179 |
3369.7 |
|
PB Fintech Ltd. |
Retail and Other Services |
11689840 |
1421 |
|
HDFC Bank Ltd. |
Financials |
9062668 |
1394 |
|
HCL Technologies Ltd. |
Technology |
11112586 |
1268.2 |
|
Infosys Ltd. |
Technology |
6690113 |
1130.8 |
|
FSN E-Commerce Ventures Ltd. |
Retail and Other Services |
5885879 |
1049.3 |
|
Mahindra & Mahindra Ltd. |
Automobile and Ancillaries |
11418137 |
981.81 |
|
One97 Communications Ltd. |
Retail and Other Services |
5753132 |
977.8 |
The above table shows that in November 2021, among large-cap, mutual funds preferred the financial sector including banks. In the top ten, three are banks and a couple of them have recently come out with their IPO.
In the case of Midcap stocks, there is no clear cut trend though there are a couple of pharma names where MF have increased their stake in the month of November 2021.
Top 10 Companies among Smallcap where MFs were Net Buyers in November 2021
|
Stock Name |
Sector |
Net Qty Bought |
Approx. Buy Value(In Rs. cr) * |
|
Go Fashion (India) Ltd. |
Retail and Other Services |
5323393 |
667.39 |
|
Latent View Analytics Ltd. |
Miscellaneous |
8701972 |
571.24 |
|
Indiabulls Housing Finance Ltd. |
Financials |
21761258 |
485.06 |
|
Zensar Technologies Ltd. |
Technology |
8197508 |
372.25 |
|
SJS Enterprises Ltd. |
Miscellaneous |
4574229 |
199.12 |
|
Glenmark Pharmaceuticals Ltd. |
Healthcare |
2700348 |
138.76 |
|
RBL Bank Ltd. |
Financials |
7395797 |
134.31 |
|
Sapphire Foods India Ltd. |
FMCG |
1077135 |
109.91 |
|
Fino Payments Bank Ltd. |
Financials |
2130645 |
109.09 |
|
The Phoenix Mills Ltd. |
Construction |
958670 |
91.64 |
Among smallcap stocks, the highest number of stocks where MF increased their stake in November are also newly listed. Four out of 10 companies where MF managers increased their stake highest in November 2021 have come out with IPO.
The intention of the above analysis is only to understand the activity of mutual funds and gauge the fund managers’ approach and it is by no means, a recommendation to buy or sell. It is always advisable to have a financial plan in place, which must be followed with discipline and investments in mutual funds being made to be based on your risk assessment.
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Tanushree Jaiswal
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