Reliance Industries, IRFC and Yes Bank among stocks that mutual funds bought and sold in September

Mutual funds In September it bought shares worth 182 billion rupees on the Indian secondary market. Mutual fund managers actively manage the scheme’s portfolios and add or remove some stocks from their portfolios to deliver better performance. These are the large-, mid- and small-cap stocks that mutual funds bought and sold in September, according to Nuvama Alternative & Quantitative Research’s Mutual Fund Insights report.

The key additions to the mutual fund industry were GE T&D India (Rs 42 billion), infosys (32 billion rupees), and Trusted Industries (26 billion rupees), while the key reductions were ICICI Bank (31 billion rupees), Tata Motors (13 billion rupees) and Divi’s Laboratories (12 billion rupees).

Read also | Output of Rs 2,000 cr in 6 months! The new income tax regime takes its toll on ELSS mutual funds

Top additions in the large cap space for three consecutive months were TICLife Insurance Corporation, Larsen & Toubro, suzuki maruti and axle bench. The largest reductions during the same period were Supermarket Avenue, Hindustan Aeronautics, IRFC, Cummins India and solar industries.

In the large cap segment, the new entry was Adani Companies and mutual fund houses came out of the IRFC completely.

Mutual funds added these mid-cap stocks for three straight months. NLC IndiaIRB Infra Dev, Star Health & Allied, Go Digit GI and solar television network. The largest reductions were made from Indraprastha GasKEI Inds, Cholamandalam Fin, Kaynes Tech and Endurance Tech.

The key additions in the mid-cap segment were KPR Mill (Rs 7,400 crore), Brigade Enterprises (Rs 7,200 crore) and PTC Industries (Rs 7,100 crore). The key reductions were Central Depot Services (Rs 6.2 billion), Indraprastha Gas (Rs 4.7 billion) and Zee Entertainment (Rs 4.1 billion).

Yes Bank was the mutual fund’s new entry in the mid-cap space.

Read also | MF with Rs 1.86 lakh crore in cash in September

In the small cap segment, mutual funds added GNFC, Arvind Ltd, Lemon Tree Hotels, Religare Enterprises and Epigral for three consecutive months. Key reductions were made in SFL Inds, CMS Info Sys, Latent View, Puravankara and Va Tech Wabag.

The new entries in the small cap segment were Epigral, Suraj Estate and Rane Holdings. On the other hand, mutual funds completely dumped three small-cap stocks, including Jash Engineering and Sadbhav Engg. And supply of televisions.

The key additions in the small cap space were Indigo Paints (Rs 9,600 crore), Shivalik Bimetal (Rs 5,700 crore) and Medi Assist Health (Rs 5,600 crore). On the other hand, the key reductions were Nazara Tech (Rs 1,500 crore), SFL Industries (Rs 1,000 crore) and Jamna Auto Industries (Rs 600 crore).