A look at what top mutual funds bought and sold this Sept

Mutual funds were active in September, picking up stakes in major block deals as well as some hidden gems. AMFI data shows that funds flow into Systemic Investment Plans (SIPs) reached an all-time high of Rs 16,402 crore in September, beating the earlier record of Rs 15,814 crore posted last month. Take a look at what the big fund houses bought and sold.

HDFC Mutual Fund: The fund’s large additions were Mukesh Ambani-led Reliance Industries for about Rs 949 crore, Kotak Mahindra Bank worth Rs 691 crore, and HDFC Bank for a total of Rs 561 crore. They have offloaded Larsen & Toubro shares worth Rs 330 crore, Power Finance Corporation for about Rs 307 crore, and Jio Financial Services for about Rs 205 crore. Aditya Vision and JSW Infra were new entrants in the fund, while Hinduja Global was a complete exit.

SBI Mutual Fund: The fund’s prominent additions were HDFC Bank for a total consideration of Rs 1,296 crore, ICICI Bank with a stake worth Rs 877 crore and Infosys worth Rs 464 crore. Its major reductions included Jio Financial Services, offloading shares worth Rs 1,736 crore, NHPC for about Rs 805 crore, and Larsen & Toubro for about Rs 529 crore. New entrants to the fund included Sai Silks and VRL Logistics while Camlin Fine was a complete exit.

Kotak Mutual Fund: This fund’s large additions were NTPC for about Rs 418 crore, Reliance Industries worth Rs 330 crore, and IndusInd Bank for a stake worth Rs 285 crore. It offloaded prominent companies such as Adani Enterprises for about Rs 255 crore, Infosys for shares worth Rs 210 crore and Larsen & Toubro for close to Rs 210 crore. The company has included RR Kabel and Voltamp Transformers while Happiest Minds Tech was a complete exit.

Axis Mutual Fund: The fund’s prominent additions were Maruti Suzuki and Tata Motors for Rs 73 crore each and Jio Financial Services for a total consideration of Rs 108 crore. Its stake in Kotak Mahindra Bank, HDFC Bank, and ICICI Bank has been reduced. New entrants included RR Kabel and L&T Financial Holdings while TTK Prestige was a complete exit.

Nippon India Mutual Fund: As per the Nuvama report, the fund has added Shella Foam, PG Electroplasts, and Grasim Industries as top new entries in the portfolio. Top additions to the fund are Hindustan Unilever and ITC. The top large-cap companies in the fund include HDFC Bank, ICICI Bank, and Larsen and Toubro. Nippon India’s complete exits include JSW Steel, NHPC, and BPCL.

Quant Mutual Fund: Data shows that Adani Ports, SJVN, and Grasim Industries were top picks for the fund. It has offloaded a portion of its stake in HDFC Bank, Tata Steel, and Union Bank. Top large-cap holdings for Quant include Reliance Industries, Jio Financial Services and Punjab National Bank, whereas top mid-cap picks are Piramal Enterprises, Escorts Kubota, and Aurobindo Pharma.

ICICI Prudential Mutual Fund: It has included companies such as HDFC Bank for about Rs 1,122 crore, ICICI Bank for shares worth Rs 745 crore and Hind Unilever, the bellwether FMCG major for a total consideration of Rs 589 crore. The fund reduced ONGC offloading shares worth Rs 880 crore, construction major Larsen & Toubro for Rs 478 crore and LIC Housing Finance for about Rs 461 crore. It included Yatra Online and Sai Silks in its new portfolio while Tarsons was a complete exit.