Stocks where domestic fund managers were the net sellers in November 2021
In November 2021, there was the redemption of Rs 17,475.99 crore from equity dedicated mutual funds.
During November 2021, we saw redemption worth Rs 17,475.99 crore from equity dedicated mutual funds compared to Rs 23,456.62 crore that we saw in October 2021. This is the second month in a row we are witnessing mutual funds lightening their position from the energy sector in particular and commodity in general. Shares from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in November 2021. Out of the top ten stocks where MFs are net sellers, three are from the energy sector.
Top 10 Companies Among Largecap where MFs were Net Sellers in November 2021
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
Vedanta Ltd. |
Metals |
79031181 |
2540.26 |
Bharti Airtel Ltd. |
Media and Communications |
25490705 |
1770.48 |
Zomato Ltd. |
Technology |
41682545 |
592.1 |
Apollo Hospitals Enterprise Ltd. |
Healthcare |
1076843 |
535.72 |
Housing Development Finance Corporation Ltd. |
Financials |
1902398 |
524.88 |
Tata Power Company Ltd. |
Energy |
23349846 |
503.31 |
GAIL (India) Ltd. |
Energy |
28825617 |
401.66 |
HDFC Life Insurance Co Ltd. |
Financials |
5234416 |
356.27 |
Indian Railway Catering And Tourism Corporation Ltd. |
Travel |
3706336 |
304.08 |
Oil & Natural Gas Corporation Ltd. |
Energy |
17865372 |
260.07 |
Top 10 Companies Among Midcap where MFs were Net Sellers in November 2021
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
Voltas Ltd. |
Consumer Durables |
2866784 |
344.81 |
Jindal Steel & Power Ltd. |
Metals |
8164304 |
310.59 |
Indian Energy Exchange Ltd. |
Energy |
3299905 |
239.71 |
Aarti Industries Ltd. |
Chemicals |
2181128 |
207.36 |
Alkem Laboratories Ltd. |
Healthcare |
561939 |
202.41 |
Tata Chemicals Ltd. |
Chemicals |
1817081 |
161.14 |
Bosch Ltd. |
Automobile and Ancillaries |
83900 |
138.18 |
L&T Technology Services Ltd. |
Capital Goods |
270830 |
135.47 |
Whirlpool Of India Ltd. |
Consumer Durables |
609387 |
129.62 |
Shriram Transport Finance Company Ltd. |
Financials |
866870 |
123.22 |
There is no clear trend among midcap stocks. Mutual fund managers sold shares from different sectors and a particular selling style didn't emerge.
Top 10 Companies Among Smallcap where MFs were Net Sellers in November 2021
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
Carborundum Universal Ltd. |
Capital Goods |
1444192 |
126.87 |
Narayana Hrudayalaya Ltd. |
Healthcare |
2254117 |
125.97 |
PVR Ltd. |
Media and Communications |
713571 |
108.79 |
KEI Industries Ltd. |
Capital Goods |
928203 |
93.65 |
Tata Motors Ltd. - DVR Ordinary |
Automobile and Ancillaries |
3647952 |
91.74 |
Vardhman Textiles Ltd. |
Textile |
418133 |
83.17 |
Computer Age Management Services Ltd. |
Technology |
252953 |
77.02 |
Finolex Industries Ltd. |
Consumer Durables |
3402555 |
73.49 |
Welspun India Ltd. |
Textile |
4694585 |
64.69 |
Sheela Foam Ltd. |
FMCG |
223622 |
64.09 |
We did not see a selling pattern of mutual fund managers here as well and also we do not see that there is any direct correlation between mutual fund managers selling the stock and their returns.
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Tanushree Jaiswal
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