ITC and BSE among stocks that mutual fund bought and sold in May
Mutual funds
bought stocks worth Rs 56,300 crore in the Indian secondary market. Fund managers actively manage portfolios by reviewing and reshuffling their holdings each month—adding new stocks or exiting existing ones based on market outlook and strategy.
Here are the large, mid, and smallcap stocks that mutual funds bought and sold in May, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The key additions across mutual fund industry were
ITC
(Rs 7,800 crore),
HDFC Bank
(Rs 5,900 crore) and Eternal (Rs 5,400 crore) whereas the key reductions were Max Financial (Rs 1,200 crore), Nykaa (FSN E-com) (Rs 1,100 crore) and
BSE
(Rs 800 crore).
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View
Details
»
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
Also Read |
Mutual funds reduces overall cash allocation by Rs 6,200 crore to Rs 2.17 lakh crore in May
In the large cap segment, the key additions for three consecutive months were Reliance Industries, HDFC Bank,
TCS
, Titan Company and ONGC. On the other hand, the key reductions for three consecutive months were Bharat Electron, B P C L, TVS Motor Co, Godrej Consumer and Max Healthcare Institute.
Live Events
In the large cap space, there were several block deals in ITC,
Bharti Airtel
, and InterGlobe Aviation, with sizable fund participation. Other prominent screen buys included
Tata Steel
and Bajaj Auto. Highest selling was seen in TCS, Bharat Electron,
ICICI Bank
, Bajaj Finance, IndusInd Bank and the new entry included
Adani Green
.
In the mid cap segment, the key additions for three consecutive months were Kaynes Tech, Dalmia Bhar, KPIT Tech, Multi Comm Exc and NBCC. On the other hand, the key reductions for three consecutive months were Guj Fluorochem, CRISIL, Narayana Hrudaya,
ACC
and Cholamandalam Finance.
The key additions across the mutual fund industry in the mid cap space were PNB Housing (Rs 1,400 crore), Ather Energy (Rs 800 crore) and K.P.R. Mill (Rs 800 crore) whereas the key reductions were Ramco Cement (Rs 500 crore),
Delhivery
(Rs 400 crore) and ACC (Rs 400 crore).
Key buying in the mid cap space was seen in KPR Mill, PB Fintech., Dalmia Bharat, P I Industries and HPCL, while key selling was seen in Indian Hotels Co, Coromandel Inter, Max Healthcare, Delhivery, Persistent Sys. The new entry in this segment included Yes Bank.
The key additions in the small cap segment for three consecutive months were in Alkyl Amines Chem, Alok Ind., KPI Green Energy, Kirloskar Ferrous and Gabriel India whereas the key reductions for three consecutive months were seen in Vijaya Diagnostic, India Shelter Finance Corporation, Happy Forgings, Sansera Engineering.
Also Read |
JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes
In the small cap segment, the key additions were in Acutaas Chemicals (Rs 300 crore), Belrise Industries (Rs 300 crore) and Sundaram Clayton (Rs 200 crore) and the key reductions were in CarTrade Tech (Rs 100 crore), Mahindra Life (Rs 100 crore) and S C I (Rs 100 crore).
Significant buying in the small cap space was seen in PNB Housing, KFin Technology, Kaynes Tech, Motil.Oswal.Fin. and NBCC, while highest selling was seen in BSE, Hitachi Energy, Redington,
Cochin Shipyard
& Paradeep Phosphates.
The new entries in the small cap space included Brookfield India, Prataap Snacks, Railtel Corpn., Huhtamaki India and Apcotex Industri, while Cochin Shipyard, S C I, Sandur Manganese, Electrost.Cast. & Utkarsh Small F. were complete exits in this space.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Print
28 minutes ago
- The Print
SRAM & MRAM Group Celebrates 30 Glorious Years; Announces USD500 Million Indo-Kazakh Medical Project in London
New Delhi [India], June 14: SRAM & MRAM Group, a global conglomerate with interests across fintech, healthcare, AI, agriculture, biotechnology, and more, proudly marked its 30th anniversary with a grand international celebration in London. On this momentous occasion, the Group announced the signing of a landmark USD 500 million contract between India's Mont Vert Group and Kazakhstan's Big B Corporation to build a state-of-the-art Medical University and Hospital in Kazakhstan. This landmark deal signals SRAM & MRAM Group's growing commitment to global healthcare and education infrastructure. Driving the Vision: Ajay Bhandari and Mahendra Joshi Lead the Charge The agreement was made possible through the efforts of Mr. Ajay Bhandari, Director, Big B Corporation, and Mr. Mahendra Joshi, Director, SRAM & MRAM Group. Their leadership, international collaboration, and strategic insight were key in structuring and executing the project. They were ably supported by Mr. Nitin Gupta, Director, SRAM & MRAM India, who helped align all stakeholders and facilitate the successful closure of the deal. Mont Vert Group: A Legacy of Trust and Quality from Pune The construction and development responsibilities have been entrusted to Mont Vert Group; one of Pune's most reputed and trusted real estate developers. Mr. Jayant Kaneria, Chairman, and Mr. Neeraj Kaneria, Managing Director, bring over three decades of industry experience with a portfolio exceeding 6.8 million sq. ft. of delivered residential and commercial projects. SRAM & MRAM Group expressed deep pride in partnering with Mont Vert Group, acknowledging their longstanding commitment to quality, transparency, and timely delivery. 'Mont Vert Group represents the highest standards of Indian real estate leadership,' said Dr. Sailesh Lachu Hiranandani, Chairman, SRAM & MRAM Group. 'Their proven track record and commitment to excellence make them an ideal partner for this international healthcare initiative.' Event Highlights and Attendees The announcement was made during SRAM & MRAM's anniversary celebration on Raven's Ait Private Island, London, in the presence of esteemed dignitaries and global business leaders. Key dignitaries included: – Mr. Jayant Kaneria, Chairman, Mont Vert Group – Mr. Neeraj Kaneria, Managing Director, Mont Vert Group – Mr. Ajay Bhandari, Director, Big B Corporation (Kazakhstan) – Mr. Mahendra Joshi, Director, SRAM & MRAM Group – Mr. Nitin Gupta, Director, SRAM & MRAM – Dr. Swapnil Kamble, Director, SRAM & MRAM India 'As we celebrate three decades of transformative work across sectors, this partnership marks a new chapter in our journey,' said Dr. Hiranandani. 'With this project, we reinforce our commitment to driving positive change globally through healthcare, innovation, and collaborative growth.' Founded in 1995, SRAM & MRAM Group is a global enterprise headquartered in London, with operations in over 60 countries. The group works across sectors including fintech, AI, healthcare, agriculture, mining, biotechnology, and semiconductors, and continues to drive large-scale global projects with impact. (ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Hindustan Times
30 minutes ago
- Hindustan Times
Incessant rainfall cripples Mangaluru and surrounding area, coastal Karnataka on red alert
Life in Karnataka's Mangaluru came to a grinding halt on Saturday as torrential rains lashed coastal Karnataka, prompting the India Meteorological Department (IMD) to issue a red alert for Dakshina Kannada and surrounding districts. The intense downpour, which began on Saturday afternoon, led to widespread waterlogging, severe traffic snarls, and flooding of low-lying areas. Also Read - Mangaluru survivors recount 2010 plane crash tragedy amid recent Air India mishap Several key roads in Mangaluru were submerged, including stretches beneath the busy Pumpwell flyover, where traffic was thrown out of gear. In one incident, a public transport bus stalled mid-route due to flooding. Passengers and local residents were seen wading through knee-deep water to help push the vehicle to safety. Areas such as Car Street, Lower Bendur, Padil, Kottara, and other flood-prone localities bore the brunt of the downpour. The Padil railway underpass was rendered unusable after rainwater accumulated, cutting off traffic flow. Car Street and nearby residential colonies also reported water entering homes, raising concerns about urban drainage preparedness. While IMD had been forecasting heavy rains throughout the week with limited rainfall observed until Friday, Saturday's sudden and intense spell has caught many off guard. The department has warned that the red alert will remain in place until the morning of June 16, as weather models continue to indicate the likelihood of more intense showers and thunderstorms across the coastal belt. Also Read - 'They solve Bengaluru's traffic crisis': Chorus grows online as Karnataka bans bike taxis Authorities are urging residents in vulnerable areas to stay indoors and avoid venturing out unless necessary. Emergency services are on standby, and civic agencies have begun pumping out water from inundated zones. This surge in rainfall is part of a broader monsoonal pattern affecting the western coast of India, with coastal Karnataka frequently witnessing flash floods during peak monsoon activity.
Time of India
30 minutes ago
- Time of India
Flying suitcases packed with Hard Drives to China, taking hundreds of servers on rent and ...: How Chinese AI companies dodge US chip ban
(AI image) In a bid to bypass stringent U.S. restrictions on advanced AI chips, Chinese companies are resorting to innovative workarounds, including processing data abroad. According to a recent Wall Street Journal report, in early March, four Chinese engineers traveled from Beijing to Malaysia, each carrying a suitcase with 15 hard drives containing 80 terabytes of data for training an AI model. At a Malaysian data center, the engineers utilized approximately 300 servers equipped with Nvidia's advanced chips to develop the AI model, which they later brought back to China. Smuggling AI hardware Since 2022, the U.S. has tightened export controls on high-end AI chips to China, citing national security concerns. According to WSJ report, these restrictions have limited Chinese firms' access to cutting-edge American technology, prompting them to explore alternatives. Some have substituted domestic chips for American ones, while others have smuggled AI hardware through third countries. However, increased U.S. pressure has made smuggling more challenging, pushing Chinese companies to process data outside China in regions like Southeast Asia and the Middle East. 'This was something we were consistently concerned about,' said Thea Kendler, former head of export controls at the Commerce Department under the Biden administration, referring to Chinese firms' remote access to U.S. AI chips, told WSJ. The process involves layers of intermediaries, obscuring whether U.S. regulations are being violated. The Biden administration proposed country-specific caps on American chip purchases to curb such activities, but the Trump administration scrapped these in May, citing unnecessary regulatory burdens on U.S. companies like Nvidia. Instead, it issued guidance urging firms to prevent their chips from being used to train Chinese AI models. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo How and why China uses countries in Southeast Asia as base In Malaysia, the Chinese company's operation required meticulous planning. Engineers reportedly spent over eight weeks optimizing data sets in China, as transferring large data volumes online could take months. Last July, the company worked through a Singaporean subsidiary but later registered a Malaysian entity to avoid scrutiny after Nvidia and its vendors intensified end-user audits. To evade suspicion at Malaysian customs, the engineers distributed hard drives across four suitcases, a shift from bundling them into one the previous year. They returned to China with several hundred gigabytes of model parameters guiding the AI system's output. Southeast Asia is reported to be emerging as a hub for such activities, with data centers rapidly expanding. Jones Lang LaSalle estimates nearly 2,000 megawatts of data-center capacity in Singapore, Malaysia, Thailand, and Indonesia -- matching Europe's largest markets. Malaysia's AI chip imports from Taiwan surged to $3.4 billion in March and April, exceeding its 2024 total. Meanwhile, the Middle East is also becoming a destination for Chinese AI developers, with Nvidia recently announcing significant chip sales to Saudi Arabia, Qatar, and the UAE. These maneuvers highlight the challenges of enforcing U.S. export controls as Chinese companies exploit global data centers to access American technology. While Southeast Asian authorities, like Singapore's, are cracking down on transshipments, the region's booming infrastructure continues to attract both Western and Chinese clients, testing the limits of regulatory oversight. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
