MF were net sellers in these stocks in January 2022

MF were net sellers in these stocks in January 2022

by 5paisa Research Team Last Updated: Feb 21, 2022, 06:38 PM IST

January 2022 has been quite a volatile month for the equity market. Nifty 50 made large swings in the month and traded between 17100 and 18350.

 January 2022 saw an increase in volatility in the equity market and Nifty VIX touched 23 and even Nifty 50 saw wide gyrations. Despite such volatility, SIP inflows remained robust and were above Rs 11,000 crore. During the said month, the domestic mutual fund industry saw redemption worth Rs 18,346.45 crore from equity dedicated mutual funds compared to Rs 17,722.45 crore that we saw in the month of December 2021.

Analysis of the data shows that fund managers are lightening their position from the energy sector and technology sector including some of the recently listed companies. Shares from the PSU basket from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in January 2022. Out of the top ten stocks where MFs are net sellers, two are from the energy sector.

Top 10 Companies Among Large-Cap Where MFs were Net Sellers in January 2022

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Oil & Natural Gas Corporation Ltd.  

Energy  

65150021  

1026.1  

Bharti Airtel Ltd.  

Media and Communications  

12521140  

884.69  

Tata Consultancy Services Ltd.  

Technology  

1719575  

642.66  

Hindalco Industries Ltd.  

Metals  

12720533  

613.51  

Maruti Suzuki India Ltd.  

Automobile and Ancillaries  

655055  

524.82  

Bharat Petroleum Corporation Ltd.  

Energy  

13369189  

523.07  

Zomato Ltd.  

Technology  

44911818  

511.55  

Motherson Sumi Systems Ltd.  

Automobile and Ancillaries  

24173729  

486.86  

Pidilite Industries Ltd.  

Chemicals  

1912808  

470.48  

Tata Consumer Products Ltd.  

FMCG  

6167701  

453.56  

 There is no clear trend among mid-cap stocks. Mutual fund managers sold shares from different sectors and there was no trend as such in their selling style. Nevertheless, there were two companies from the technology sector.

  Top 10 Companies Among Mid-Cap Where MFs were Net sellers in January 2022 

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Deepak Nitrite Ltd.  

Chemicals  

1369687  

323.36  

Steel Authority Of India Ltd.  

Metals  

29182505  

300.07  

Voltas Ltd.  

Consumer Durables  

2132128  

256.12  

AU Small Finance Bank Ltd.  

Financials  

1859671  

218.14  

Colgate-Palmolive (India) Ltd.  

FMCG  

1351908  

196.42  

NMDC Ltd.  

Energy  

13156743  

179.1  

Aurobindo Pharma Ltd.  

Healthcare  

2529620  

173.13  

Tata Elxsi Ltd.  

Technology  

250056  

168.48  

REC Ltd.  

Financials  

11431205  

155.72  

Oracle Financial Services Software Ltd.  

Technology  

352165  

131.65  

  

Top 10 Companies Among Small-Cap Where MFs were Net Sellers in January 2022

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

KPIT Technologies Ltd.  

Technology  

2942228  

185.24  

Vardhman Textiles Ltd.  

Textile  

624191  

147.38  

Glenmark Pharmaceuticals Ltd.  

Healthcare  

2550151  

129.43  

CESC Ltd.  

Energy  

13699178  

117.95  

Chambal Fertilisers and Chemicals Ltd.  

Chemicals  

2738940  

113.29  

Granules India Ltd.  

Healthcare  

2919301  

93.46  

Amara Raja Batteries Ltd.  

Automobile and Ancillaries  

1432324  

89.97  

KEI Industries Ltd.  

Capital Goods  

795086  

89.22  

Affle (India) Ltd.  

Media and Communications  

727491  

88.67  

PVR Ltd.  

Media and Communications  

606556  

87.55  

Even in small-cap stocks there was selling from diversified sectors and we could not see any selling pattern of mutual fund managers, also we don't see any direct correlation between mutual fund managers selling the stock and their returns. For example, Chambal Fertilisers and Chemicals remained one of the best performers in small cap stocks despite MF remaining net seller in the stock.

 

Also read: NXTDigital demerger has a value unlocking with a 20% gain in share price today!

SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)
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SENSEX
54,326.39
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