What did the top 5 mutual funds buy and sell in July?

Mutual Funds They always renew their portfolios on a regular basis to deliver better returns. They actively manage their portfolio based on their outlook for a particular sector or theme. Here is what the top five mutual funds, based on assets under management, bought and sold in July.

SBI Mutual Fund

The largest fund manager by assets under management added three new stocks to its portfolio, including Vedanta, Lupin and Balrampur Chini. It also offloaded three stocks, including UltraTech Cement, Container Corporation of India and Fortis Healthcare, according to Mutual Fund Insights by Nuvama Alternative & Quantitative Research. According to monthly data from Prime Database, the fund manager increased its holdings in around 400 stocks in July. The largest fund manager decreased its holdings in 130 stocks in July, which included JKCement, Aditya Birla Fashion & Retail, Asian Paints, IDFC First Bank and Coal Industries.

The fund manager held five unique stocks which were Ashiana Housing, Gayatri Bioorganics, GKW, Manpasand Beverages and Rajratan Global Wire, according to data from Prime Database.

ICICI Prudential Mutual Fund

The fund manager added around three new stocks to its portfolio, which included Graphite India, JK Cements and Intellect Designs. On the other hand, it completely offloaded three stocks, which were Cholamandalam Financial, GAIL (India) and Firstsource Solution, according to a report by Nuvama Alternative & Quantitative Research. The fund manager increased its holding in around 402 stocks. In 194 stocks, the fund manager reduced its holding. Some of the stocks in which the fund manager reduced its holding were Infosys, ITC, HCL, Oil India, Grasim Industries, Bharat Forge, Indus Towers, Coforge, UltraTech Cement and Go Digit GI, according to Prime Database. The four unique stocks in the fund manager’s portfolio were Andhra Paper, Entertainment Network (India), Inox Green Energy Services and Nirlon.

HDFC Mutual Fund

According to Nuvama’s monthly dashboard, the fund manager added three new stocks to its portfolio: GMM Pfaudler, RBL Bank and Pearl Global Industries. The fund manager did not completely divest any stocks.

The fund manager increased its holdings in 443 stocks, while reducing its stake in 126 stocks, some of which were Zydus Wellness, Punjab & Sind Bank, Chalet Hotels and Bharti Airtel, according to Prime Database.

The fund manager’s portfolio included 15 unique stocks including Ramco Systems, Epack Durables, Shriram Properties, Simplex Infrastructure and Dynamatic Technologies.

Nippon India Mutual Fund

The fund manager added Schaeffler India, FSN e-commerce and Atul as new stocks to its portfolio in July. It completely offloaded Canara Bank, Tata Chemicals and Navin Fluorine International, according to the Nuvama report.

In July, monthly holdings in around 404 stocks increased, including Just Dial, Avanti Feeds, Borosil Renewables, VIP Industries, Godrej Industries, UTI Asset Management and Bikaji Foods International. In July, holdings in 132 stocks declined. Three unique stocks were GE Power India, Sundaram Finance Holdings and Vindhya Telelinks, as per Prime Database data.

Kotak Mutual Fund

The three newly added stocks were Deepak Nitrite, Cello World and Aster DM Healthcare. On the other hand, there was a complete exit from Shree Cement and Kansai Nerolac, according to Nuvama’s monthly report.

In July, holdings were increased in 178 stocks, including Sundaram Finance, Crisil, Happiest Mind Technologies, Equitas Small Finance Bank, CDSL, HFCL and Jindal Stainless. In July, holdings were reduced in 135 stocks. Only WPIL was the only stock in the fund manager’s portfolio, according to monthly data from Prime Database.