MF Large-Cap, Mid-Cap and Small-Cap Stock Trends on December 21

Equity fund inflows in the month of December 2021 more than doubled sequentially to Rs25,077cr. More importantly, SIP flows on December 21 stood at an all-time high of Rs11,305cr. But that’s just the macro image. In December, mutual funds were net buyers of stocks, but there is a much bigger story.

There was a churn story that was visible as mutual funds attempted to reduce specific exposures and increase exposure to emerging winners in equity markets. Obviously, we can’t take a very macro view, so we take a more micro view of how mutual funds bought stocks sold in December 2021.

We look at 3 categories of buying and selling stock mutual funds. We first look at which large-cap stocks mutual funds bought and sold in December. Next, we look at similar data in terms of stocks for mid and small caps. For the definition of large, mid and small caps, we have relied on the AMFI classification based on capitalization as approved by SEBI. Here’s how the buying and selling went on December 21.

Large-cap stocks that mutual funds bought and sold on December 21

In accordance with the AMFI definition of large caps, the entire universe of BSE stocks is ranked in descending order of market capitalization and the top 100 stocks are classified as large caps. This list is updated by AMFI every 6 months. As of December 21, large cap stocks are companies with an approximate market capitalization of Rs47,000cr and above. Remember that this is a dynamic definition and may change with the level of stock indices.

What were the large-cap stocks that mutual funds bought and sold on December 21? Among the major additions, mutual funds bought 2.09 cent shares of Wipro, 1.99 cent shares of Tata Power, 65 lakh shares of Indus Towers, 22 lakh shares of Godrej Consumer Products and 16 lakh shares of IRCTC, the company that provides ticketing, catering and tourism. services to Indian Railways. Among other additions, the mutual funds also bought One97 Communications (Paytm), Siemens, Godrej Properties and L&T Infotech.

What were the large cap stocks sold by mutual funds on Dec 21? Mutual funds sold 1.69 crore shares of Indian Oil Corporation, 1.22 crore shares of BPCL, 31 lakh shares of JSW Steel and 17 lakh shares of PB Fintech (Policybazaar and Paisabazaar). Other large-cap stocks that mutual funds sold on December 21 included Nykaa, Macrotech Developers, Hindustan Zinc and Eicher Motors.

Mid-cap stocks that mutual funds bought and sold on December 21

According to the AMFI definition, mid-cap stocks are companies that rank between 101 and 250 on the market capitalization scale. According to the latest definition of December 21, these have an approximate market capitalization between Rs16,000cr and Rs47,000cr. Remember that this is a dynamic definition and may change with the level of stock indices.

What were the mid-cap stocks that mutual funds bought and sold on December 21? Among the major additions, mutual funds bought 2.53 crore shares of Indian Hotels, 1.82 crore shares of NMDC, 1.79 crore shares of REC Ltd, 65 lakh shares of IPCA Laboratories and 62 kr of shares of L&T Finance Holdings. Among other additions, the mutual funds also bought Bandhan Bank, Whirlpool of India, Tata Communications, Indiamart Intermesh and CRISIL.

What were the mid cap stocks sold by mutual funds on Dec 21? Mutual funds sold 18.73 crore shares of Vodafone Idea for obvious reasons, 1.77 crore shares of IRFC, 2.70 crore shares of Yes Bank, 92 lakh shares of ‘India Energy Exchange (IEX) and 81 lakh shares of Bank of India. Dixon Technologies, Minda Industries, Tata Chemicals and ICICI Securities are among other mid-cap stocks sold net by mutual funds on December 21.

Small Cap Stocks Mutual Funds Bought and Sold on December 21

According to the AMFI definition, small cap stocks are companies that rank below 250 on the market capitalization scale. According to the latest definition of December 21, these are companies with an approximate market capitalization of less than Rs16,000cr. Remember that this is a dynamic definition and may change with the level of stock indices.

What were the small cap stocks that mutual funds bought and sold on December 21? Among the major additions, mutual funds bought 1.73 lakh shares of Himachal Futuristic (HFCL), 53 lakh shares of Kirloskar Oil Engines, 46 lakh shares of Graphite India, 29 lakh shares of IRB Infra and 15 lakh of shares of IIFL Wealth Management. Among other additions, mutual funds also bought Data Patterns, Go Fashions, Sapphire Foods, Mahanagar Gas and Safari Industries in December 2021.

What were the small cap stocks sold by mutual funds on December 21? Mutual funds sold 3.97 crore shares of RBL Bank after the management change, 30 lakh shares of Latent View Analytics, 51 lakh shares of Indiabulls Housing Finance, 32 lakh shares of Navneet Education and 21 lakh shares of Welspun India. Other small cap stocks that mutual funds sold net on December 21 included Mayur Uniquoters, Himatsingka Seide, Care Ratings, BSE Ltd and PNB Housing Finance.

While flows into equity funds remained robust, mutual funds as a whole took advantage of market volatility to restructure their portfolios with an emphasis on sector rotation.

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