MF Tracker: LIC, Damani’s Avenue Supermarts among top largecap stocks sold in May

One other D-Street favourite that was dumped by MFs was Radhakishan Damani’s Avenue Supermarts.

Indiabulls Mutual Fund, Union Mutual Fund, and Groww Mutual Fund were sellers in the D-Mart retail chain operator last month, a report shared by IDBI Capital Markets showed.

Both Union Mutual Fund and Groww Mutual Fund have completely exited Avenue Supermarts.

In May, while shares of LIC gave over 8% returns to investors, those of Avenue Supermarts gave negative returns of over 1%.

Besides the country’s largest life insurer, mutual funds were sellers in two other public sector stocks namely Indian Oil Corporation and Hindustan Aeronautics, brokerage reports showed.

Kotak Mahindra Bank, Torrent Pharmaceuticals, Hindustan Zinc, Macrotech Developers, Eicher Motors, Hero MotoCorp, Pidilite Industries were the other largecap stocks sold by mutual funds in May.Indian Railways Finance Corp, Max Healthcare, Steel Authority of India, Sona BLW Precision, Union Bank of India, Bandhan Bank, Indian Hotels Co, Aditya Birla Fashion and Retail, Kansai Nerolac Paints, and Tata Chemicals were the midcap stocks that saw maximum selling by mutual funds.

In the smallcap space, MFs selling was the highest in Easy Trip Planners, Railtel Corp, Nocil, Time Technoplast, Mastek, Matrimony.com, Manappuram Finance, Route Mobile, Gujarat Narmada Valley Fertilisers, and Elin Electronics.

What leading mutual funds sold in May?

Axis Mutual Fund
Aarti Industries, Gland Pharma, One 97 Communications, DCB Bank, 360 One Wam, GlaxoSmithKline Pharmaceuticals, and Tata Chemicals.

Aditya Birla Sun Life Mutual Fund
Uniparts India, KEC International, and Mahanagar Gas

Kotak Mahindra Mutual Fund
Max India, Affle India

LIC Mutual Fund
Lakshmi Machine Works, Tata Chemicals, Quess Corp, Ashok Leyland, City Union Bank, Century Plyboards, KNR Constructions, National Aluminium Co, Bandhan Bank, and Hindustan Copper.

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