Mutual Fund Update: Stocks that witnessed selling pressure from fund managers in November 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 November 2019. Now let us have a look at 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) |
| ICICI Bank Ltd | Financials | Large-Cap | Nov-19 | 11,51,95,920 | 5,619.38 |
| IndusInd Bank Ltd | Financials | Large-Cap | Nov-19 | 85,97,040 | 1,238.93 |
| HDFC Bank Ltd | Financials | Large-Cap | Nov-19 | 92,28,640 | 1,156.00 |
| ICICI Prudential Life Insurance Company Ltd | Financials | Large-Cap | Nov-19 | 1,23,68,439 | 626.40 |
| Siemens Ltd | Capital Goods | Large-Cap | Nov-19 | 38,99,252 | 609.51 |
This time in the month of November 2019 the top five stocks that fund managers sold are majorly from financials and capital goods sector.
If we look purely sector-wise then financials sector seems to be on the top with approximate sell value of Rs 12,615.49 crores followed by technology and capital goods sector with approximate sell value of Rs 1,069.41 crores and Rs 1,017.56 crores respectively.
Now if we take a look market cap-wise then this time around large-cap witnessed highest selling with approximate sell value of Rs 16,720.85 crores followed by mid-cap and small-cap with approximate sell value of Rs 2,526.30 crore and Rs 1,689.35 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 recommendation to buy or sell. It is always advisable to have 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.