Stocks where domestic fund managers were the net sellers in October 2021
5paisa Research Team
17th November 2021 - 04:32 pm
In the month of October 2021, there was the redemption of Rs 23,456.52 crore from equity dedicated mutual funds.
In October 2021, we saw redemption worth Rs 23,456.62 from equity dedicated mutual funds. It is lower than Rs 27,979.25 that we saw in the preceding month (September 2021). Shares from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in October 2021. Out of the top ten stocks where MFs are net sellers, four are from the energy sector.
Top 10 Companies Among Large-Cap Where MFs were Net Sellers in October 2021
|
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
|
Tata Power Company Ltd. |
Energy |
119930419 |
2237 |
|
Maruti Suzuki India Ltd. |
Automobile and Ancillaries |
1530007 |
1133.8 |
|
Kotak Mahindra Bank Ltd. |
Financials |
3151307 |
636.03 |
|
Bharat Petroleum Corporation Ltd. |
Energy |
14778632 |
628.02 |
|
Tech Mahindra Ltd. |
Technology |
3768628 |
538.64 |
|
GAIL (India) Ltd. |
Energy |
33290718 |
512.19 |
|
Mindtree Ltd. |
Technology |
1171756 |
509.27 |
|
Coal India Ltd. |
Energy |
29008364 |
507 |
|
SRF Ltd. |
Diversified |
2308879 |
504.85 |
|
Petronet LNG Ltd. |
Energy |
18916772 |
442.75 |
The trend is no different for midcap stocks. Even in midcap, fund managers remained net sellers from the energy sector.
Top 10 Companies Among Mid-Cap Where MFs were Net sellers in October 2021
|
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
|
Petronet LNG Ltd. |
Energy |
18916772 |
442.75 |
|
Deepak Nitrite Ltd. |
Chemicals |
1714086 |
397.4 |
|
Balkrishna Industries Ltd. |
Automobile and Ancillaries |
1532496 |
382.64 |
|
Tata Chemicals Ltd. |
Chemicals |
3538380 |
322.11 |
|
Computer Age Management Services Ltd. |
Technology |
792459 |
239.59 |
|
L&T Technology Services Ltd. |
Capital Goods |
491516 |
231.57 |
|
National Aluminium Company Ltd. |
Metals |
22502525 |
214.11 |
|
Hindustan Petroleum Corporation Ltd. |
Energy |
6937343 |
211.73 |
|
Persistent Systems Ltd. |
Technology |
537493 |
205.32 |
|
Dixon Technologies (India) Ltd. |
Consumer Durables |
419344 |
201.4 |
Top 10 Companies Among Small-Cap Where MFs were Net Sellers in October 2021
|
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
|
Just Dial Ltd. |
Miscellaneous |
4521210 |
403.91 |
|
Amara Raja Batteries Ltd. |
Automobile and Ancillaries |
3969065 |
283.88 |
|
IRB Infrastructure Developers Ltd. |
Infrastructure |
11217097 |
241.22 |
|
Indiabulls Housing Finance Ltd. |
Financials |
8246393 |
184.91 |
|
CG Power and Industrial Solutions Ltd. |
Capital Goods |
7701009 |
103.67 |
|
CESC Ltd. |
Energy |
11139570 |
99.56 |
|
Zensar Technologies Ltd. |
Technology |
2072629 |
97.36 |
|
Chambal Fertilisers and Chemicals Ltd. |
Chemicals |
2746976 |
97.33 |
|
Grindwell Norton Ltd. |
Capital Goods |
614573 |
91.95 |
|
Birlasoft Ltd. |
Technology |
2246135 |
91.65 |
Overall we do not see there is any direct correlation between mutual fund managers selling the stock and their returns. A case in the point is the Auto sector where mutual funds were sellers, saw their price increase in the month of November 2021.
Trending on 5paisa
06
Tanushree Jaiswal
Discover more of what matters to you.