In May, mutual funds (MFs) were seen adding stocks like HDFC Bank, Life Insurance Corporation of India (LIC), Reliance Industries (RIL) and Delhi, while they added holdings in Kotak Mahindra Bank, Steel Authority of India (SAIL). reduced a little. , UPL and HDFC Life.
key midcap stock Data from Edelweiss shows that this included Delhivery, Campus Activewear, Escorts Kubota and Jubilant Foodworks, while major cut in the midcap space were SAIL, Jindal Steel, Zydus Life and Deepak Nitrite.
Under smallcaps, the top stocks added by MFs were Paradip Phosphate, Prudent Corporate Advisory and Go Fashion while major cutbacks were GHCL, Intellect Design, Shobha and CPCL.
According to mutual fund House monthly activity analyzed by brokerage Edelweiss, Aditya Birla Sun Life MF chief additions were Infosys, RIL and HDFC Bank. Its major cuts were Voltas, Pfizer and Tata Motors, LIC and eMudra were the new entrants while Suven Pharma exited completely.
The major additions to HDFC AMC were HDFC Bank, Infosys and Tata Consultancy Services (TCS). Its major cuts were NTPC, Larsen & Toubro (L&T) and GAIL (India). LIC and Delhi were new while SJVN was completely phased out.
The major additions to Axis MF were Mahindra & Mahindra (M&M), LIC and Maruti Suzuki. It reduced TCS, State Bank of India (SBI) and Wipro. New entrants included LIC and Ather Industries while Emami exited completely.
Big additions to Kotak Mutual Fund were Infosys, Asian Paints and Tata Steel. HDFC Bank, NTPC and IOC are among the major cut-offs in this. New entrants included LIC and Ather Industries while Apollo Tires was completely eliminated.
The principal additions to ICICI Pru MF were Infosys, HDFC Bank and LIC. The fund shortlisted HDFC, Mahindra & Mahindra and ITC. LIC and Delhivery were the new entrants while Wonderla Holidays was a complete exit.
The big additions to DSP MF were Maruti Suzuki, Bajaj Finance and Infosys. This includes UltraTech Cement, ICICI Pru Life and Axis Bank. Paradip Phosphate and LIC were the new entrants while the full exit involved GMDC.
Franklin Templeton MF was the major additions Reliance Industries, UltraTech Chem and LIC. The fund reduced exposure to Mahindra & Mahindra, BPCL and Bharti Airtel while Caplin Point Labs exited entirely.