Check out the hottest mutual funds

Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July, while they continued to be bearish on the metal stocks. Telecom, FMCG, particularly sugar stocks too weighed heavy on their sell list, while stocks were re-aligned in the banking, cement, IT, auto, and power sectors. They bought huge chunks of IDFC, Gujarat Ambuja Cement, and NTPC, while diluted exposure to Hindalco, Hindustan Lever, and Balrampur Chini. In terms of value, Reliance Industries, Gujarat Ambuja Cement, and NTPC were the top purchases by MFs, while ICICI Bank, Hindustan Lever, and Bharti Airtel topped the sell list.
        A study of the top ten mutual funds' equity portfolios as on July 31, which are Prudential ICICI, UTI, Reliance, HDFC, Templeton, Birla SunLife, SBI, Standard Chartered, Kotak, and Tata MF reveals that four out of the ten MFs added to their investments in the banking and finance pivotal IDFC. Templeton MF was the top buyer of the stock with almost 101 lakh shares bought. Among other banking and finance stocks, Syndicate Bank, Centurion Bank, and Bank of India topped the buy list, while ICICI Bank, Dena Bank, and Oriental Bank of Commerce were among the top sells. ICICI Bank was the top sold stock in terms of value. It was sold by five out of 10 mutual funds. Templeton MF was the top seller with over 27.8 lakh shares sold.
        Among other banking and finance stocks, Syndicate Bank, Centurion Bank, and Bank of India topped the buy list, while ICICI Bank, Dena Bank, and Oriental Bank of Commerce were among the top sells. ICICI Bank was the top sold stock in terms of value. It was sold by five out of 10 mutual funds. Templeton MF was the top seller with over 27.8 lakh shares sold.
         Hindalco Industries, the top sell, was sold six out of the ten MFs. Reliance MF was the top seller of the stock with over 47.8 lakh shares sold. Templeton, Birla, SBI, Tata, and StanChart MF also off-loaded the stock, while HDFC, UTI, and Pru ICICI MF made additional investments in it. Among other metal stocks, Sail, Hindustan Zinc, and ISMT were among the top sells, while JSW Steel was the only buy in the top 50 list.  Read more at this post

Tags: Mutual funds, media, pharma, metal stocks, banking, stocks, cement, sugar, it, auto, power sector, NTPC, Hindalco, Hindustan lever, Reliance, ICICI bank, HDFC, Reliance, UTI, Kotak, Birla, finance, portfolio, syndicate, Templeton MF, Tata, JSW steel, ONGC, FMCG