Large-, mid-, and small-cap stocks that mutual funds bought and sold in August

In August, mutual funds Mutual funds bought shares worth Rs 356 billion in the Indian secondary market. Mutual fund managers actively manage portfolios, adding or removing stocks to improve performance. According to Nuvama Alternative & Quantitative Research’s Mutual Fund Insights report, these are the large-cap, mid-cap and small-cap stocks that mutual funds bought and sold in August.

Top additions from the MF industry were Axis Bank (Rs 31 billion), Ola Electric (Rs 27 billion) and Brainbees Solutions (Rs 25 billion) while HDFC Bank (Rs 83 billion), Bharti Airtel (Rs 19 billion) and Zydus Lifesciences (Rs 15 billion) reduced their share.

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For three consecutive months, the top additions in the large-cap space were Larsen & Toubro, CCIand Maruti Suzuki. During the same period, the major reduction was in Bharti Airtel. In the largecap segment, there were no fresh inflows and MF brokerages completely exited their position in Adani Enterprises.

Mutual funds added the following mid-cap stocks for three consecutive months: Unilever HindustanPower Grid Corporation, Tech Mahindra, IndusInd Bank and Lupin. The biggest reductions were made at Avenue Supermarts, Cummins IndiaHindustan Aeronautics, Apollo Hospitals and Bharat Forge.

The top additions in the midcap segment were Brainbees Solutions (Rs 25,000 crore), Delhivery (Rs 11,000 crore), PNB Housing (Rs 6,000 crore) and Aster DM Health (Rs 6,000 crore). The top delisters were India Cements (Rs 4,000 crore), Cholamandalam Fin (Rs 3,000 crore), First Source Solution (Rs 2,000 crore) and Aarti Inds (Rs 2,000 crore). Travancore Fertilizers & Chemicals was the new addition by mutual funds in the midcap space. Also Read | This hedge fund has returned 85% since its inception. Is it time to invest in this sector?

In the smallcap segment, mutual funds added Nykaa (FSN E-com), Gland Pharma, Sona BLW, Tata Consumer Products and Balkrishna Industries for three consecutive months. Key reductions were made in Max Healthcare Institute, Muthoot Finance, UNO Minda, Container Corporation of India and Tube Investments.

New additions in the small-cap segment were The Anup Engineering, Shriram Pistons, PTC India Financial Services, Kaveri Seed and Tata Investment Corporation. On the other hand, mutual funds completely exited their positions in four small-cap stocks – Vaibhav Global, Pix Transmission, Dreamfolks Services and KRBL.

The top additions in the smallcap group were Cyient DLM (Rs 4,400 crore), Medplus Health (Rs 4,000 crore) and Ceigall India (Rs 2,000 crore). On the other hand, the top delisters were VST Industries (Rs 11,000 crore), Tips Industries (Rs 1,000 crore), Nazara Tech (Rs 1,000 crore) and Chemplast Sanmar (Rs 1,000 crore).