Mutual Fund Update: Stocks that witnessed selling pressure from fund managers in May 2019
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
As every coin has a flip side, mutual funds are not different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what they are selling. So, let’s find out.
In our last update, we listed the top 5 stocks that attracted fund manager in the month of May 2019. Now let us have a look at the top 5 stocks that witnessed a lot of selling from fund managers.
| Stock Name | Sector | Classification | Month | Net Qty Sold | Approx. Sell Value (In Cr) |
| Infosys Ltd. | Technology | Large-Cap | May-19 | 1,22,03,319 | 909 |
| State Bank of India | Financials | Large-Cap | May-19 | 2,09,61,201 | 694 |
| ICICI Lombard General Insurance Co. Ltd. | Financials | Large-Cap | May-19 | 60,85,691 | 691 |
| UPL Ltd. | Chemicals | Large-Cap | May-19 | 56,01,260 | 551 |
| Havells India Ltd. | Capital Goods | Large-Cap | May-19 | 67,51,421 | 514 |
This time around in the month of May 2019, the top five stocks that fund managers sold are majorly from the financials sector, followed by the technology sector and chemical sector.
If we look purely sector-wise, then financials sector seems to be on the top with an approximate sell value of Rs. 3,981.68 crore, followed by technology and energy sector with approximate sell value of Rs. 1,969.89 crore and 1,508.60 crore, respectively.
Now if we take a look market cap-wise, then large-cap witnessed the highest selling with approximate sell value of Rs. 7,934.12 crore followed by mid-cap and small-cap with approximate sell value of Rs. 2,574.46 crore and 2,008.61 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 in no means is 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 being made to be based on your individual risk assessment.