Here's What Mutual Funds Bought And Sold In April

Vodafone Idea Ltd. and Biocon Ltd. were among the most popular choices as flows into the small and mid-cap funds resumed their uptrend in April. VIL appeared among the top 10 buys for seven out of the 10 asset management companies, according to an ICICI Direct report.

Biocon appeared four times among the AMCs' top choices, while Steel Authority of India Ltd. was the third most popular choice, appearing three times.

Mutual funds increased their holdings in Kotak Mahindra Bank Ltd. and Punjab National Bank the most, while paring their holdings the most in Jio Financial Services Ltd. and LTIMindtree Ltd. among large-cap companies.

VIL and Tata Technologies Ltd. were the most-bought stocks among mid-caps, while Patanjali Foods Ltd. and JSW Infrastructure Ltd. were the most-sold.

Nirlon Ltd. was the small-cap stock with the highest increase in the number of shares held by mutual funds after it got added by ICICI Prudential AMC. Sterlite Technologies Ltd. was the second most-bought stock as the top addition by HDFC AMC as well as Nippon India Mutual Fund.

Route Mobile Ltd. and Marksans Pharma Ltd. were among the most-sold stocks in the category.

The financial services sector saw an addition in weightage for the second month in a row, growing 38 basis points in April, the highest addition by any sector, according to a report by PhillipCapital.

Metals and mining companies also saw an increase in weightage by 27 bps, while those in the telecom space and the utilities sector saw an upgradation by 26 bps and 20 bps respectively.

They reduced exposure in the information and technology sector by as much as 77 bps, falling for the second month in a row, while the healthcare space saw its weightage lowered by 30 bps.

Oil & gas sector saw a reduction by 17 bps, and weightage in the consumer staples sector was lowered by 14 bps.

Overall cash balances of equity-oriented schemes fell 17 bps to 4.2% of the total assets under management at Rs 89,400 crore.