After March Mayhem, here is what MFs bought & sold

While Indian equities corrected 24% in March, equity funds witnessed the highest net inflows. Let us look at how fund houses dealt with the flows and what are some of the key changes they made to their portfolios.

Indian equities have corrected sharply in March with both Nifty 50 and BSE Sensex plunging around 24%. Meanwhile, equity funds witnessed the highest net inflows in FY 2019-20 at Rs 11,700 crore. The net inflows have increased from Rs.10,800 crore in February.

Let us look at how fund houses dealt with the flows and what are some of the key changes they made to their portfolios:

Large cap

In the large cap space, Mahindra & Mahindra, Adani Ports and Special Economic Zone, JSW Steel and Biocon were among the most sought after stocks. Meanwhile, stocks like Power Grid Corporation of India, Tata Motors, Tata Steel, Asian Paints and Grasim Industries witnessed the highest selling in March, shows an ICICI Direct report.

Mid cap

In the mid cap segment, stocks like Tata Consumer Products, Ashok Leyland,  Cholamandalam Investment & Finance Company, Castrol India and Gujarat Gas were among the top picks. Meanwhile, stocks of Vodafone Idea, GMR Infrastructure, Jindal Steel & Power, Adani Enterprises and Adani Power witnessed the highest selling.

Small Cap

In the small cap space, Spicejet, Suprajit Engineering, Narayana Hrudayalaya, Radico Khaitan and GHCL witnessed good buying from AMCs. Meanwhile, stocks that saw the highest selling were NPCC,  The India Cements, NBCC (India), Thyrocare Technologies and FDC.

This is for information prupose only, and not a recommendation.

Source-icicidirect