Mutual Fund Update: Stocks that witnessed selling pressure from fund managers in October 2019
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
Every coin has a flip side and mutual funds are no different in that sense. Fund managers not just buy stocks, selling those is also a part of their jobs. Hence, it is equally important to know what they are selling.
In our last update, we listed the top 5 stocks, which could gain maximum attention from fund managers in October 2019. Now, let us have a look at the top 5 stocks, which witnessed a lot of selling from fund managers in the same month. This time, these stocks were majorly from the financial the and technology sectors, followed by the media and communications and the energy industries.
| Stock Name | Sector | Classification | Month | Net Qty Sold | Approx. Sell Value (In Cr) |
| Gruh Finance Ltd. | Financials | Mid-Cap | Oct-19 | 8,96,38,623 | 2,414.42 |
| ICICI Bank Ltd. | Financials | Large-Cap | Oct-19 | 2,92,93,316 | 1,313.42 |
| Tata Consultancy Services Ltd. | Technology | Large-Cap | Oct-19 | 48,18,470 | 1,052.59 |
| Zee Entertainment Enterprises Ltd. | Media & Communications | Large-Cap | Oct-19 | 2,13,05,022 | 560.43 |
| Reliance Industries Ltd. | Energy | Large-Cap | Oct-19 | 34,25,575 | 479.00 |
If we analyze based on the sectors only, then the financials sector seems to be on the top, with an approximate sale value of Rs. 5,911.63 crores followed by the energy and the technology sectors, with an approximate sale value of Rs. 1,664.76 crores and 1,459.34 crores, respectively.
Now, if we take a look based on the market cap, then this time around, the large-cap witnessed the highest selling, with an approximate sale value of Rs. 9,259.52 crores, followed by mid-cap and small-cap, with an approximate sale value of Rs. 4,496.94 crores and 976.38 crores, respectively.
The intention of the above analysis is only to understand the activity of mutual funds and gauge the fund managers' approach. It is, in 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. Investments in mutual funds should be based on your risk assessment.