What Mutual Fund Bought: Sep-13
http://quantspartner.com/MFInvestments.aspx
1. Domestic FM's Most Preferred Stocks: TCS, Bharti Airtel, Sesa Sterlite
2. Stocks Disliked by FMs : SBI, Infosys, Axis Bank, Coal India, ITC
3. I.T and Technology are the sectors, where domestic MFs are busy in re-aligning their portfolios.
4. TCS continued to receive the vote of confidence from 7/8 top AMC. Top 8 AMCs Collectively bought TCS worth of Rs 269 crores.
5. DSP and UTI were interested in another IT giant, Wipro. They bought it to the tune of Rs 100 crores and 53 crores respectively.
6. Even though, NR Murthy is back in Infosys, but it seems domestic institutional investor are not optimistic about his 2nd inning. Collectively, they sold Infosys worth of Rs 421.
7. Axis Bank, which use to be the most preferred private sector bank by investor community at large, got rating downgrade. MFs offloaded to the tune of Rs 418 crores. ICICI-Pru completely exited from the stock by selling worth Rs 222 crores.
8. Unusual play by Reliance AMC. In Aug-13, it heavily invested Rs 204 crores in Reliance Industries. Now, in Sep-13, it sold as much as 184 crores. Further, it can be noted most AMC were negative about Reliance stock, as they mostly preferred selling the stock. DSP sold Rs 96 crores of Reliance Industries.
9. SBI, a "Clear cut Sell": Every Fund Manager believes that, at the current price, SBI is a "Clear cut Sell". All of top 8 AMC sold, taking collective sale to Rs 317 crores.
10. Top 5 Largest Buys by any AMC: Sesa Sterlite Ltd. Rs 132 cr (by Reliance), Bharti Airtel Ltd. Rs 119 cr (by Reliance), HDFC Bank Ltd. Rs 104 cr (by ICICI Pru), Wipro Ltd Rs 100 cr (by DSP), Tata Consultancy Services Ltd. Rs 99 cr (by Reliance).
11. Top 5 Largest Sale by any AMC: Infosys Ltd. Rs -349 cr (by DSP), Axis Bank Ltd Rs -222 cr (by ICICI Pru), Reliance Industries Ltd Rs -184 cr (by Reliance), Zee Entertainment Enterprises Ltd Rs -182 cr (by HDFC), Coal India Ltd. Rs -176 cr (by HDFC).
12. HDFC AMC presented a cautious and negative view about the market. Its total top 10 buying was far less than total top 10 selling (Rs 251 Cr buying vs Rs 965 selling). UTI presented a neutral view about the market. As both, top 10 Buying as well as top 10 selling were equal, to the tune of Rs 340 crores. Reliance also presented neutral view about the market, as both, Top 10 Buying as well as top 10 selling were equal, to the tune of Rs 640 crores.
13. DSP Black Rock continued to be the biggest churner for the month, with Top 10 buys ~ to Rs 591, top 10 sells ~1111. Notably, its Fund size is Rs 9342 crs.
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