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Top Stocks Bought and Sold By Mutual Funds in May 2022

17 June 2022

In May, the most bought stock by Mutual Funds was Infosys while the most sold stock was Kotak Mahindra Bank

Here’s more information about what mutual funds bought and sold in the month of May 2022.  

Note: The data has been collected from Rupeevest’s May report. 

Large Cap 

The stocks most bought in the large-cap space included Infosys and HDFC Bank while the most sold stock was Kotak Mahindra Bank. 

Major news and updates for the month:  

  • Infosys has partnered with Harvard Business Publishing, a Harvard university subsidiary to offer free digital and life skills courses through Infosys’s digital corporate education platform. 
  • HDFC bank hiked its FD rates up to 25 basis points, effective from June 15, 2022.  
  • TCS expanded its footprints in Minnesota by advancing its hiring program & accelerating its STEM outreach. 

Most Bought 

Stock 

Net Qty Bought (in crore)*

Buy Value(In Rs. cr)*

Infosys

3,66,27,287

5,624.51

HDFC Bank  

2,86,03,591

3,966.52

LIC 

4,82,74,665

3,916.52

Reliance Industries  

96,97,252

2,629.49

Tata Consultancy Services 

64,53,527

2,230.20

Source: RupeeVest, *Approximate values

 

  • Kotak Mahindra bank hiked its FD interest rates as well as savings account interest rates across various tenors. 
  • UPL launched new insecticides in India containing patented active ingredient Flupyrimin to target the most damaging rice pests. 
  • HDFC & HDFC Life acquired a stake in real estate business accelerator firm Xanadu Realty. 
  • Cipla launched 4-in-1 antiretroviral treatment for children living with HIV in South Africa. 

Most Sold

Stock 

Net Qty Sold (in crore)*

Sale Value(In Rs. cr)*

Kotak Mahindra Bank 

37,00,337

673.14

UPL  

62,73,976

502.7

Indian Oil Corporation  

3,71,67,964

449.74

HDFC Life 

73,84,673

436.19

Cipla  

40,39,544

398.73

Source: RupeeVest, *Approximate values

Note: The lists have been arranged in terms of the total buy/sell value and not in order of the number of shares sold. 

Mid Cap

Topping the list of most bought stocks in the mid-cap category was Delhivery while the most sold mid-cap stock by mutual funds was Steel Authority Of India. 

Major news and updates for the month: 

  • Escorts changed its name to Escorts Kubota. 

Most Bought 

Stock 

Net Qty Bought (in crore)*

Buy Value(In Rs. cr)*

Delhivery  

4,57,40,738

2,425.40

HDFC Asset Management Company 

18,81,802

370.58

Jubilant Foodworks 

64,12,550

351.71

Escorts Kubota  

20,57,796

335.92

Zee Entertainment Enterprises  

1,20,35,575

301.49

Source: RupeeVest, *Approximate values

 

  • Jindal steel & power will install India’s first rail wheelset manufacturing plant in Chandigarh. 
  • Zydus Lifesciences gets USFDA approval for selling Adapalene & Benzoyl peroxide topical gel. 
  • Adani group acquired Ambuja Cement & ACC in a $10.5 billion deal. 

Most Sold

Stock 

Net Qty Sold (in crore)*

Sale Value(In Rs. cr)*

Steel authority of India 

7,42,33,426

641.01

Jindal Steel & Power  

1,16,06,813

532.7

Zydus Lifesciences  

1,04,64,097

382.18

Varun Beverages  

34,52,240

369.4

ACC 

16,04,631

363.23

Source: RupeeVest, *Approximate values

Note: The lists have been arranged in terms of the total buy/sell value and not in order of the number of shares sold. 

Small-Cap

The most bought stock in the small-cap space was Paradeep Phosphates while the most sold was Angel One. 

Major news and updates for the month:

  • Aether Industries listed on the bourses at Rs 706.15, a premium of 10% over its issue price of Rs 642. 
  • Paradeep phosphates listed on the bourses at Rs 43.55, a premium of 4% from its issue price of Rs 42. 

Most Bought 

Stock 

Net Qty Bought (in crore)*

Buy Value(In Rs. cr)*

Paradeep Phosphates 

13,99,88,912

589.35

Campus Activewear 

1,19,32,711

393.81

Prudent Corporate Advisory Services 

41,15,578

240.80

Aether Industries  

35,36,240

227.03

Go Fashion (India) 

18,75,802

186.29

Source: RupeeVest, *Approximate values

 

  • Aditya Birla Sun Life AMC collaborated with BentallGreenoak, a global real estate investment management advisor, to form a structured credit investment vehicle. 

Most Sold

Stock 

Net Qty Sold (in crore)*

Sale Value(In Rs. cr)*

Angel One  

7,09,194

121.44

Aditya Birla Sun Life AMC 

24,95,442

117.47

GHCL 

17,07,756

108.19

Apollo Tyres 

45,03,624

95.33

Exide Industries  

62,09,508

93.03

Source: RupeeVest, *Approximate values

Note: The lists have been arranged in terms of the total buy/sell value and not in order of the number of shares sold.

Why Does a Fund Manager Buy or Sell a Stock? 

The fund manager, in order to achieve the investment objectives of the fund, takes strategic calls of buying and selling stocks across sectors to maximize gains, based on the category the fund belongs to. 

However, it is important to note that just because a fund manager decides to buy or sell a particular stock does not mean you need to imitate the same movement for your own stocks portfolio. A mutual fund manager buying or selling a stock does not necessarily indicate it is a good or bad stock. 

The information presented above is just to update the reader with the happenings of the mutual fund industry so that you remain informed as an investor. 

It is always important to carry out your independent research when it comes to stocks and mutual funds and invest in alignment with your goals. 

How are Large-Cap, Mid-Cap, and Small-Cap Companies Classified? 

They are classified on the basis of their market cap. Market capitalization is the aggregate valuation of a company based on its current share price and the total number of outstanding stocks. 

It is calculated by multiplying the number of outstanding shares and the closing market price of each share of the company. 

A report of which stocks belongs to which market capitalization category is released every quarter by the Association of Mutual Funds in India (AMFI). To know more, you can refer to AMFI’s website here: AMFI categorization.

Hope this was insightful. 

Happy Investing! 

Disclaimer: The data presented in the tables above has been taken from RupeeVest. The data may vary from source to source. Readers are advised to carry out thorough research, refer to various sources, and invest in alignment with their goals. 

To read the RA disclaimer, please click here.

 

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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