Stocks where domestic fund managers were the net sellers in October 2021

Stocks where domestic fund managers were the net sellers in October 2021

by 5paisa Research Team Last Updated: Nov 17, 2021, 04:32 PM IST

In the month of October 2021, there was the redemption of Rs 23,456.52 crore from equity dedicated mutual funds.

In October 2021, we saw redemption worth Rs 23,456.62 from equity dedicated mutual funds. It is lower than Rs 27,979.25 that we saw in the preceding month (September 2021). Shares from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in October 2021. Out of the top ten stocks where MFs are net sellers, four are from the energy sector.

 Top 10 Companies Among Large-Cap Where MFs were Net Sellers in October 2021 

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Tata Power Company Ltd.  

Energy  

119930419  

2237  

Maruti Suzuki India Ltd.  

Automobile and Ancillaries  

1530007  

1133.8  

Kotak Mahindra Bank Ltd.  

Financials  

3151307  

636.03  

Bharat Petroleum Corporation Ltd.  

Energy  

14778632  

628.02  

Tech Mahindra Ltd.  

Technology  

3768628  

538.64  

GAIL (India) Ltd.  

Energy  

33290718  

512.19  

Mindtree Ltd.  

Technology  

1171756  

509.27  

Coal India Ltd.  

Energy  

29008364  

507  

SRF Ltd.  

Diversified  

2308879  

504.85  

Petronet LNG Ltd.  

Energy  

18916772  

442.75  

The trend is no different for midcap stocks. Even in midcap, fund managers remained net sellers from the energy sector.

 Top 10 Companies Among Mid-Cap Where MFs were Net sellers in October 2021

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Petronet LNG Ltd.  

Energy  

18916772  

442.75  

Deepak Nitrite Ltd.  

Chemicals  

1714086  

397.4  

Balkrishna Industries Ltd.  

Automobile and Ancillaries  

1532496  

382.64  

Tata Chemicals Ltd.  

Chemicals  

3538380  

322.11  

Computer Age Management Services Ltd.  

Technology  

792459  

239.59  

L&T Technology Services Ltd.  

Capital Goods  

491516  

231.57  

National Aluminium Company Ltd.  

Metals  

22502525  

214.11  

Hindustan Petroleum Corporation Ltd.  

Energy  

6937343  

211.73  

Persistent Systems Ltd.  

Technology  

537493  

205.32  

Dixon Technologies (India) Ltd.  

Consumer Durables  

419344  

201.4  

Top 10 Companies Among Small-Cap Where MFs were Net Sellers in October 2021

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Just Dial Ltd.  

Miscellaneous  

4521210  

403.91  

Amara Raja Batteries Ltd.  

Automobile and Ancillaries  

3969065  

283.88  

IRB Infrastructure Developers Ltd.  

Infrastructure  

11217097  

241.22  

Indiabulls Housing Finance Ltd.  

Financials  

8246393  

184.91  

CG Power and Industrial Solutions Ltd.  

Capital Goods  

7701009  

103.67  

CESC Ltd.  

Energy  

11139570  

99.56  

Zensar Technologies Ltd.  

Technology  

2072629  

97.36  

Chambal Fertilisers and Chemicals Ltd.  

Chemicals  

2746976  

97.33  

Grindwell Norton Ltd.  

Capital Goods  

614573  

91.95  

Birlasoft Ltd.  

Technology  

2246135  

91.65  

Overall we do not see there is any direct correlation between mutual fund managers selling the stock and their returns. A case in the point is the Auto sector where mutual funds were sellers, saw their price increase in the month of November 2021.

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54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
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