personal finance

Check out what top five mutual funds bought & sold during October selloff


NEW DELHI: Mutual funds stood resilient as industry’s asset base increased to Rs 22.23 lakh crore in October in spite of a heavy correction in the domestic equity market. The benchmarks Sensex and Nifty witnessed heavy selling pressure during the month on rising crude oil prices, falling rupee and spike in the US bond yields. A series of defaults by the IL&FS’ group companies further dampened sentiment on Dalal Street.

However, systematic investment plans (SIPs) saw an upward trend with contribution of Rs 7,985 crore last month as against Rs 7,727 crore in September. Overall, the industry witnessed an inflow of Rs 35,529 crore last month against an outflow of Rs 2.3 lakh crore in September.

The total asset base of all the fund houses put together was Rs 21.41 lakh crore in October last year.

Here’s what top five fund houses bought and sold during October:


HDFC Asset Management Company
Total equity assets managed by the HDFC Asset Management Company stood at Rs 1.31 lakh crore across 373 securities, data available with Ace Mutual Fund showed. The fund added 2.82 crore, 2.25 crore and 1.40 crore shares of Coal India, HPCL and BPCL last month. It also added 69 lakh, 55 lakh, 50 lakh and 44 lakh crore of NTPC, Indian Hotels, Vedanta and SBI, respectively. However, it sold 1.16 crore shares of Gammon Infra, followed by JP Power Ventures (89 lakh), Tata Motors (27.85 lakh), BHEL (26.50 lakh) and Ashok Leyland (20.60 lakh).

ICICI Prudential Asset Management Company
The total equity assets managed by ICICI Prudential AMC stood at Rs 1.2 lakh crore in over 500 securities. The fund house added 3.80 crore and 3.79 crore shares of Bharti Airtel and Coal India last month. It was followed by Indian Oil Corporation (2.42 crore), Bank of Baroda (2.15 crore), Ambuja Cement (1.60 crore), NHPC (1.47 crore), Vedanta (1.40 crore) and Axis Bank (1.38 crore). On the other hand, it offloaded 2.41 crore and 1.14 crore shares of NTPC and BHEL. It also sold 76.60 lakh and 75 lakh shares of Bharti Infratel and Wipro.

SBI Funds Management
Total equity assets managed by SBI Funds Management stood at Rs 1.25 lakh crore across 347 securities. Among the common stocks, the fund added 1.27 crore shares of ICICI Bank. It was followed by BPCL (98 lakh), SBI (94 lakh), Coal India (76 lakh) and Bharti Airtel (61 lakh). However, it sold 84 lakh, 76 lakh 67 lakh and 35 lakh shares of Bharti Infratel, Equitas Holdings, Indian Oil Corporation and Hindustan Petroleum Corporation.

Aditya Birla Sun Life AMC
The total equity assets managed by SBI Funds Management stood at Rs 0.75 crore across 402 securities. Among the big buy list, the fund house added 2.84 crore shares of State Bank of India. It also added Tata Power (66 lakh), Axis Bank (63 lakh), ICICI Bank (62 lakh), ITC (57 lakh) and Vedanta (55 lakh). However, sold 1.16 crore and 3.38 crore shares of HPCL and YES Bank in October. Federal Bank, GMR Infra, L&T Finance and L&T also remained among top selling list of Aditya Birla Sun Life AMC.

Reliance Nippon Life AMC
Equity assets managed by the Reliance Nippon Life AMC stood at Rs 0.88 crore across 408 securities in October. The fund house added 3.59 crore shares and 1.30 crore shares of NTPC and Tata Power in October. It also bought over one crore shares each of oil marketing players including Indian Oil and HPCL. Reliance Nippon Life sold over 1 crore shares each in GAIL India, Ambuja Cement, BHEL and ONGC last month.





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