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mutual funds: New stock picks and exits by top mutual funds last month

As investors continued to pump money into the stock market through mutual funds, AMCs were net buyers of about Rs 4,700 crore worth of shares in July. An analysis by IDBI Capital shows that the top new picks from mutual funds were Morepen Lab and Pharma. On the other hand, Seya Industries and Shakti Pumps were on the top exit list.

Here’s a list of some of the stocks that have entered and exited the top mutual funds in the past month:

SBI Investment Fund
India’s largest asset manager, which manages AUM worth about Rs 6.7 lakh crore, bought over 1 lakh shares of

during the month. On the other hand, Escorts sold Kubota, NBCC, , , , and .

HDFC Mutual Fund
HDFC MF picked up 8,000 shares of Deepak Nitrite. The list of outputs includes Blue Star, Angel One, Rain Industries, Astral and .

ICICI Prudential Mutual Fund
The fund house exited Ashoka Buildcon during the month by selling about 5.8 crore shares of the company. Top positions include ICICI Bank, Infosys, HDFC Bank and Bharti Airtel.

Kotak Mahindra Mutual Fund
During the month, Kotak added two new shares and left six. New additions include GMR Infra and Hindustan Copper, while the list of exits has NBCC, Brightcom Group, JSW Energy, KEI Industries, ICICI Securities and CAMS.

Nippon India Mutual Fund
Nippon sold six shares – Neogen Chemicals, , PTC India, Welspun Enterprises and Seya Industries.

Axis Mutual Fund
Axis Mutual Fund bought nearly 1.3 crore shares of SKF India worth about Rs 55 crore. By the way, it also grabbed 1.35 lakh shares from

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UTI Mutual Fund
UTI Mutual Fund chose REC and RBL Bank when exiting GE Power and Indiabulls Housing Finance.



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