Birla Trust Tata Group, Everybody like Financials (MF buying/selling for the month of Jun-16).
HDFC MF likes TCS, SBI, HPCl Coal India. Invested over Rs 100 crores in the month of Jun-16. Significantly reduced holding from Grasim and Vedanta.
Reliance MF’s top bets are Financials like Yes Bank, Max Financial and SBI. Sold of Sanofi worth Rs 200 crores. Redington sold of for than Rs 100 crores. Now its completely out of newly listed micro finance company Ujjivan Financial (Sold worth Rs 50+ crores).
Huge buying by ICICI MF in Sun Pharma, invested over Rs 500 crores. Also invested Rs 200 crores each in Cummins India and HDFC Bank.
Birla’s top bets are Tata Steel and SBI. Interestingly, all other MF’s were negative on Tata Motors and collectively sold around 13 mn shares whereas Birla bought 1.4 mn shares. It shows Birla’s strong liking for Tata group companies.
Franklin Templton’s top bets are IOCL and Idea.
DSP Black rock invested major amount in SBI and Yes Bank. Took position again in Asian Paints and M&M.
When all MF’s where Buying SBI and ICICI, mutual fund arm of these companies were actually selling both the counter.
Overall, we can say most fund managers preferred financials, in that preferred PSU over private. SBI and Yes Bank were the top pick.
When all MFs sold 10 mn shares of ITC, DSP black rock bought 30 mn shares of ITC.