what are the major stocks that domestic mutual funds have been buying and selling in the stock markets in the month of June 2022?

Let us break up this into 2 parts. Firstly, there is the overall buying by the mutual funds as a whole, which gives a good macro picture. Then there is a more micro view of what the three largest funds by equity AUM are specifically buying in the market as it can give cues to what investors do. However, there is a small caveat here and you must keep that in mind before investing based on what funds do. These are large institutions with deep pockets and a different type of holding power. SO, don’t just copy what they do. Here is my take.

a) Large cap stocks are the big large caps in the Indian market and you would be familiar with most of the names. The buying in June 2022 was seen in Vedanta, Tech Mahindra, ICICI Lombard General, Grasim Industries, Havells and Godrej Consumer Products. Mutual funds sold Zomato, Tata Steel, DLF and LIC.

b) Let me now turn to what the MFs did with the mid-cap names. For June 2022, the mid-cap stocks that mutual funds bought include Motherson Sumi Wiring, IDFC First Bank, India Energy Exchange (IEX) and Tata Communications. At the same time, MF sold Vodafone Idea, GMR Infrastructure, L&T Finance Holdings, BHEL and Sun TV.

c) How about the small caps and what did mutual funds do here. Among small caps, MFs bought Aether Industries, JTEKT India, Mirza International and Rain Industries in June 2022. At the same time, heavy selling was visible in RBL Bank, Indiabulls Housing Finance, Strides Pharma, Greaves Cotton and Chennai Petro.

Let me now turn to the specific buying of the top 3 funds in the Indian context viz. SBI Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund.

· SBI Mutual Fund added Aether Industries, Brigade Enterprises, United Breweries, Pfizer Ltd and Zomato across market cap classifications in the month of June 2022.

· ICICI Prudential Mutual Fund added Gland Pharma, HPCL, Tata Communications, Oberoi Realty and GO Fashions across market cap classifications in the month of June 2022.

· HDFC Mutual Fund added Coforge Ltd, IEX Ltd, Ajanta Pharma, MTAR Technologies and Grasim Industries across market cap classifications in the month of June 2022.