Stocks witnessing selling pressure in August 2020
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
As every coin has a flip side, mutual funds are no 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 had listed the top five stocks that attracted fund managers in the month of August 2020. Now, let us have a look at the top five stocks that witnessed a lot of selling from fund managers.
|
Stock Name |
Sector |
Classification |
Net Qty Sold |
Approx. Sell Value (In cr) |
|
Reliance Industries Ltd |
Energy |
Large-Cap |
50,12,724 |
1,039.53 |
|
Kotak Mahindra Bank Ltd |
Financials |
Large-Cap |
66,07,361 |
914.21 |
|
Tata Consumer Products Ltd |
FMCG |
Large-Cap |
1,49,98,253 |
720.22 |
|
Vedanta Ltd |
Metals |
Large-Cap |
4,90,01,170 |
594.02 |
|
Hindustan Unilever Ltd |
FMCG |
Large-Cap |
24,80,191 |
536.64 |
This time in the month of August 2020, the top five stocks that fund managers sold are majorly from the FMCG sector.
If we look purely sector-wise then, the financial sector seems to be on the top with an approximate sell value of Rs 2,839.03 crore, followed by the energy & FMCG sector with an approximate sell value of Rs 2,616.18 crore and Rs 2,480.71 crore, respectively.
Now, if we take a look market cap-wise then, this time around, large-cap witnessed the highest selling with an approximate sell value of Rs 13,160.44 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 3,624.30 crore and Rs 2,094.83 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, 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.