HDFC MF, Axis MF, other top mutual fund houses are buying and selling these stocks

Equity Mutual Funds (MFs) attracted 9,390 crore in the month of October 2022, as compared to investment in equity mutual funds for the 20th consecutive month 14,100 crore in September. Net inflows are being seen in equity schemes from March 2021 onwards. This inflow pushed the assets under management (AUM) of the industry 39.5 lakh crore at the end of October from Rs. 38.4 lakh crore at the end of September.

HDFC Bank, IndusInd Bank and Bharti Airtel joined HDFC MF in a big way. Its major cuts were Coal India, Bharat Electron and Power Fin Corporation (PFC). DCX Systems was a new entrant while Bank of India was completely exited.

Aditya Birla Sun Life mutual fund The major additions to the house were Infosys, HDFC and Axis Bank. During this, HDFC Bank, Pfizer and Dr. Reddy’s Lab made major cuts. Piramal Enterprises was a new entrant, while Muthoot Capserv was a complete exit, showed MF fund house-wise data by Nuvama Alternative & Quantitative Research.

Major additions to Axis MF were Cipla, PI Industries and Narayan Hriday. It dropped ICICI Bank, Hind Unilever and Samvardhan Motherson. New entrants included Kansai Nerolac while NMDC was completely out.

DSP MF included Kotak Mahindra Bank, AU Small Finance and IndusInd Bank. Its major losers include Voltas, Tata Motors and Cholamandalam Invest. Pfizer and Suven Pharma were the new entrants.

Major additions to ICICI Pru MF included ICICI Lombard General, Zee Entertainment and Maruti Suzuki. The fund underperformed Axis Bank, Bharti Airtel and HCL Technologies. Traxon Tech. There was a new entrant while Aarti Indus was completely out.

Kotak MF’s big additions included Tata Chemicals, ICICI Bank and State Bank of India (SBI). Its major cuts include TCS, HDFC Bank and Shree Cement. New entrants include Karur Vysya Bank and Traxon Tech. While Westlife Food was completely out.

Major participants in PPFAS MF were ICICI Bank and Motilal Oswal Fin. New entrants included Global Health, while Aarti Industries was a complete exit, according to brokerage data.

The major additions to Franklin Templeton MF were Larsen & Toubro (L&T), HDFC and IndusInd Bank. The fund reduced exposure to Tata Consultancy Services (TCS), HDFC AMC and HDFC Bank. The list of new entries included Zee Entertainment and ICICI Lombard General, while Aarti Industries was completely exited.

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