Mutual Fund Update: Stocks sold by fund managers in July 2019
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
Like every coin has two sides, mutual funds are no different. The fund managers not only buy the stocks but also sell some to balance the portfolio. So, it is equally essential to keep an eye on what they are selling.
In our last update we listed the top 5 stocks that attracted fund managers in the month of July 2019. Now let’s have a look at top 5 stocks that witnessed a lot of selling by fund managers.
| Stock Name | Sector | Classification | Month | Net Qty Sold | Approx. Sell Value (In Cr) |
| Bharat Financial Inclusion Ltd. | Financials | Mid-Cap | Jul-19 | 3,02,39,745 | 2,699.05 |
| REC Ltd. | Financials | Large-Cap | Jul-19 | 4,62,45,923 | 705.35 |
| Infosys Ltd. | Technology | Large-Cap | Jul-19 | 74,76,497 | 570.33 |
| UPL Ltd. | Chemicals | Large-Cap | Jul-19 | 90,55,043 | 552.52 |
| Shriram Transport Finance Company Ltd. | Financials | Mid-Cap | Jul-19 | 50,39,093 | 516.43 |
This time also the top five stocks that fund managers sold were majorly from the financials sector, followed by technology and chemicals sector.
Particularly, if we look sector-wise, then financials sector seems to be on the top with approximate sell value of Rs. 5,534.42 crore followed by technology and chemicals sector with approximate sell value of Rs. 1,266.96 crore and Rs. 991.69 crore respectively.
Now if we look market cap-wise, then this time around mid-cap witnessed highest selling with approximate sell value of Rs. 5,893.43 crore followed by large-cap and small-cap with approximate sell value of Rs. 4,048.59 crore and Rs. 817.31 crore respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund managers’ approach and it is by no means a recommendation to buy or sell. It is always advisable to have a financial plan in place which must be followed with discipline and investments in mutual funds should be based on your individual risk assessment.