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Stocks Bought & Sold by Mutual Funds in February 2024
Stock ideas from India's top mutual funds →
Upsurge Club
March 15, 2024
Hey there 👋🏼
Today in less than 5 minutes:
1) Stocks Bought & Sold by India’s Best Mutual Funds
2) Stock in Spotlight: A company where FIIs have tripled their stake in the last year
3) This fund sees a 55% upside in PAYTM
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Stocks bought & sold by India’s top MFs
There are 5000+ stocks listed on the NSE. It’s impossible for anyone even to recognize them, let alone research and track these companies.
How, then, would investors like you and me generate stock ideas for our portfolio?
We can try something that we all (mostly) did back in our school days - copy from the topper 😅
💡 Copy investing is a method that seeks to replicate the trades of successful investors or fund houses. The idea is to bet on the proven stock selection method of a successful investor or fund house.
We’ll be looking at some of the best mutual funds in India to generate stock ideas. Here’s a collection of what the top fund houses in India bought or sold in February:
Mutual Fund / Stock Type | Large Cap Buys | Large Cap Sells | Mid/Small Cap Picks |
|---|---|---|---|
SBI MF | Kotak Mahindra Bank | SBI, Bharti Airtel, HDFC Bank, Infosys | Zomato, Equitas SFB, City Union Bank |
ICICI Pru MF | Reliance Industries, Bharti Airtel, Sun Pharma, L&T, NTPC | ICICI Bank, Infosys, HDFC Bank | Equitas SFB, PVR, Coforge |
HDFC MF | Axis Bank, | Nothing major | Dixon Technologies, |
Nippon India MF | Reliance Industries, | Nothing major | Syngene International, |
UTI MF | Kotak Mahindra Bank, Axis Bank, | Bajaj Finance, | Persistent Systems, |
ABSL MF | Axis Bank, | Nothing major | Syngene Internationa, |
Axis MF | Nothing major | Bajaj Finance, | Chola Financials, |
Kotak MF | Maruti Suzuki, | Reliance Industries, ICICI Bank, SBI, HDFC Bank, | Sundaram |
Sectorally, the weights of Capital Goods, Oil & Gas, PSU Banks, Insurance, Consumer Durables, Technology, Utilities, Retail, and Real Estate increased, while that of NBFCs, Private Banks, Consumer, Metals, Automobiles, Cement, and Chemicals moderated in February.
Screener.in is an effective tool that will help you keep track of what major fund houses and ace investors are buying and selling. Learn to make the most of Screener in this FREE course.
Top Stocks Bought & Sold in February 2024
While Whirlpool, Swan Energy, and Voltas were some favorites, Bandhan Bank, PAYTM, Motherson Sumi Wiring, and LIC Housing Finance were disposed of the most. Here’s an entire list of stocks bought & sold by MFs in February 2024 👇🏼
Source: Nuvama Alternative & Quantitative Research
Conclusion
The above exercise must have given you a good sense of what the major fund houses are adding and deleting from their portfolios. But this is just the first step. We suggest you undertake more thorough research and analysis before including a stock in your investment portfolio.
If you want to learn more idea generation methods and pick multi-baggers yourself, get Mr. Arvind Kothari’s Multibagger Stock Selection Course. His smallcase has delivered a 50% CAGR in the past 4 years. Use STOCK10 for a 10% discount & get the course for just ₹359.
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If you deployed the copy investing, which investor would you track? Reply to this email and let us know!
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