Mutual Fund Buys in October 2022

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Mutual Fund Buys in October 2022

Every month data from AMFI (Association of Mutual Funds of India) puts out the data of the buying and selling of every mutual fund scheme in the market. This data gives insights into what sectors are on the fund managers radar as well as action by mutual fund houses based on results or any significant event in any company.

The month of October also mutual funds add many stocks across large, mid and Nifty500 companies. What we have covered here is the top four stocks across each category and the mutual funds that have purchased at least more than one lakh shares of each stock through the month of October 2022. 

Starting with the large cap (Nifty50) stocks that saw buying of a total of few crore shares in each of these companies.

IndusInd Bank – One of India’s leading private sector banks. The bank posted a good set of results in Q2FY23. In the last one year it has delivered better returns than leading private sector banks like HDFC Bank and Kotak Mahindra Bank. 

Mutual fund schemes that bought more than one lakh shares in October

IndusInd Bank	Shares in numbers
Kotak Equity Arbitrage Fund Growth	19,53,450
HDFC Top 100 Fund Growth	13,75,000
HDFC Balanced Advantage Fund Growth	10,62,000
Aditya Birla Sun Life Tax Relief 96 Pyt of Inc Dis cum Cap Wdrl	7,71,538

HDFC (Housing Development Finance Corporation) – One the largest NBFCs engaged in providing finance to individuals, corporates and developers for the purchase, construction, development and repair of houses, apartments and commercial properties in India. With approval for the merger with its own bank, HDFC Bank, getting closer to regulatory approval rising buying interest is seen in this stock.

Mutual fund schemes that bought more than one lakh shares in October

HDFC	Shares in numbers
Aditya Birla Sun Life Focused Equity Fund Growth	13,35,323
ICICI Prudential Value Discovery Fund Growth	4,60,827
Franklin India Bluechip Fund Growth	4,15,000
HDFC Balanced Advantage Fund Growth	3,73,500

Mahindra and Mahindra – One of the leading auto manufacturers known for its iconic brand “Scorpio”. The company has been having a good run with its new launches receiving a huge response from customers. The Q2FY23 results were also the best quarterly results in the history of the company.

Mutual fund schemes that bought more than one lakh shares in October

Mahindra and Mahindra	Shares in numbers
HDFC Flexi Cap Fund Growth	11,86,288
ICICI Prudential Tranporstation and Logistics Fund Regular Growth	4,18,779
Kotak Business Cycle Fund Regular Growth	3,25,000
Axis Bluechip Fund Growth	2,82,425

Infosys – It is India’s second largest IT services company. It surprised analysts in with Q2FY23 results when it reported a strong TCV of USD2.7b (the highest in the last seven quarters), of which 54% were net new. The deal pipeline remains healthy and larger than preceding quarters. The management also updated its revenue growth guidance for FY23 to 15-16% YoY in CC terms.

Mutual fund schemes that bought more than one lakh shares in October

Infosys	Shares in numbers
SBI Contra Fund Regular Payout Inc Dist cum Cap Wdrl	9,00,000
Aditya Birla Sun Life Frontline Equity Fund Growth	7,95,576
Kotak Equity Arbitrage Fund Growth	6,51,600
ICICI Prudential Technology Fund Growth	5,56,800

Midcap companies that that saw buying of a total of few crore shares this month by mutual funds.

Zee Entertainment – It is is engaged in Broadcasting of Satellite Television Channels and digital media and also owner of the OTT platform Zee5. It has seen growing market share in its regional channels this quarter. Another trigger that has initiated buying interest is the merger with Sony, which is expected to be complete in the next two quarters.

Mutual fund schemes that bought more than one lakh shares in October

Zee Entertainment	Shares in numbers
ICICI Prudential Value Discovery Fund Growth	55,03,758
Aditya Birla Sun Life Frontline Equity Fund Growth	25,55,228
ICICI Prudential Focused Equity Fund Growth	18,64,566
Mirae Asset Emerging Bluechip Fund Growth	17,50,000

Tata Chemicals – Tata Chemicals is one of the top five players in the global soda ash market. Under basic chemical, it offers soda ash, sodium bicarbonate, cement, salt, marine chemicals and crushed refined soda. Speciality chemical consists of agro chemical through Rallis and other specialty solutions such as nutritional products. It also posted a stellar Q2FY23 result with highest revenue and profits in the last ten quarters.

Mutual fund schemes that bought more than one lakh shares in October

Tata Chemicals	Shares in numbers
Kotak Flexicap Fund Growth	26,50,000
Kotak Equity Opportunities Fund Growth	12,00,000
Kotak Business Cycle Fund Regular Growth	3,80,000
Nippon India Growth Fund – Growth	2,90,000

BHEL (Bharat Heavy Electricals Limited) – This PSU is India’s largest engineering company and dominates the supply of equipment for power plants in the country. Its products include gas turbines, generators, thermal sets, diesel shunters, turbo sets, hydro sets, power transformers, switch gears, circuit breakers and boilers. In Q2FY23, it booked new orders worth Rs 14,511 crore. With a strong order pipeline across its verticals, interest in the stock is rising.

Mutual fund schemes that bought more than one lakh shares in October

BHEL	Shares in numbers
Nippon India Focused Equity Fund – Growth	1,04,07,404
HDFC Arbitrage Fund Wholesale Plan Growth	45,04,500
DSP Dynamic Asset Allocation Fund Regular Growth	33,39,000
L&T Arbitrage Opportunities Fund Regular Growth	30,87,000

Delivery – It is an integrated logistics company with a pan India presence having a network that includes 122 gateways, 21 automated sort centres and 93 fulfilment centres. In Q2FY23, the company was able to substantially increase its revenues on a YoY basis as well as pare down its losses. Though not profitable yet, probably of a profitable quarter in the near future have increased.

Mutual fund schemes that bought more than one lakh shares in October

Delhivery	Shares in numbers
SBI Flexicap Fund Regular Growth	40,00,000
HDFC Flexi Cap Fund Growth	30,45,655
HDFC Focused 30 Fund Growth	7,22,827
ICICI Prudential Tranporstation and Logistics Fund Regular Growth	5,46,838

Other companies part of the Nifty 500 that that saw buying of a total of few crore shares this month by mutual funds.

RBL Bank – It is a private sector bank with a wide range of banking and financial services including wholesale banking, retail banking, treasury operations and other banking related activities. The bank reported a 5.5X YoY jump in net profit to Rs 2 billion in Q2FY23. It also plans to launch its 2W, Used Cars, and Gold loans in 3QFY23.

Mutual fund schemes that bought more than one lakh shares in October

RBL Bank	Shares in numbers
Nippon India Small Cap Fund – Growth	50,00,000
Nippon India Arbitrage Fund Growth	16,60,000
Tata Flexi Cap Fund Regular Growth	16,50,000
Quant Small Cap Fund Growth	13,50,000

Anupam Rasayan – It is a specialty chemical player. The Q2FY23 results saw the revenues rise by 50%. The company has expansion plans in place to building multipurpose plants in our existing units at Sachin and Jhagadia. It also raised around Rs 500 crore through Qualified Institutional Placement (QIP) for growth capex in Q2FY23.

Mutual fund schemes that bought more than one lakh shares in October

Anupam Rasayan	Shares in numbers
Quant Active Fund Growth	4,96,551
Aditya Birla Sun Life Multi-Cap Fund Regular Growth	4,13,793
Aditya Birla Sun Life Equity Advantage Fund Growth	3,44,827
Franklin India Smaller Companies Fund Growth	3,44,526

Prestige Estates – It is one  India’s largest developer in terms of booking value for FY22. Majority of its growth has been from  projects in Bengaluru and Hyderabad. The company has made a foray into new territories with projects in Mumbai and NCR region. It reported Q2FY23 gross sales bookings of Rs 35.1bn in Q2FY23 as against Rs3 0.1bn in Q1FY23 with five new launches spread across 7.4msf in Bengaluru and Mumbai.

Mutual fund schemes that bought more than one lakh shares in October

Prestige Estates	Shares in numbers
Mirae Asset Emerging Bluechip Fund Growth	11,27,520
Mirae Asset Midcap Fund Regular Growth	11,09,712
Mirae Asset Tax Saver Fund -Regular Plan-Growth	6,53,067
HDFC TaxSaver Growth	3,97,315

Dabur – It is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care, ayurvedic and food products with a portfolio of over 250 products. On 26 October 2022, Dabur announced the acquisition of 51% shareholding of Badshah Masala for Rs. 588 crore. Badshah manufactures, sells, and exports blended spices, ground spices, and seasonings. It also reported a good set of Q2FY23 with highest revenues in the last ten quarters.

Mutual fund schemes that bought more than one lakh shares in October

Dabur	Shares in numbers
Kotak Equity Arbitrage Fund Growth	26,57,500
Mirae Asset Large Cap Fund Regular Growth	18,41,689
ICICI Prudential Focused Equity Fund Growth	11,50,550
Nippon India Arbitrage Fund Growth	7,25,000

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Mutual Fund Buys in October 2022

Every month data from AMFI (Association of Mutual Funds of India) puts out the data of the buying and selling of every mutual fund scheme in the market. This data gives insights into what sectors are on the fund managers radar as well as action by mutual fund houses based on results or any significant event in any company.

The month of October also mutual funds add many stocks across large, mid and Nifty500 companies. What we have covered here is the top four stocks across each category and the mutual funds that have purchased at least more than one lakh shares of each stock through the month of October 2022. 

Starting with the large cap (Nifty50) stocks that saw buying of a total of few crore shares in each of these companies.

IndusInd Bank – One of India’s leading private sector banks. The bank posted a good set of results in Q2FY23. In the last one year it has delivered better returns than leading private sector banks like HDFC Bank and Kotak Mahindra Bank. 

Mutual fund schemes that bought more than one lakh shares in October

IndusInd Bank	Shares in numbers
Kotak Equity Arbitrage Fund Growth	19,53,450
HDFC Top 100 Fund Growth	13,75,000
HDFC Balanced Advantage Fund Growth	10,62,000
Aditya Birla Sun Life Tax Relief 96 Pyt of Inc Dis cum Cap Wdrl	7,71,538

HDFC (Housing Development Finance Corporation) – One the largest NBFCs engaged in providing finance to individuals, corporates and developers for the purchase, construction, development and repair of houses, apartments and commercial properties in India. With approval for the merger with its own bank, HDFC Bank, getting closer to regulatory approval rising buying interest is seen in this stock.

Mutual fund schemes that bought more than one lakh shares in October

HDFC	Shares in numbers
Aditya Birla Sun Life Focused Equity Fund Growth	13,35,323
ICICI Prudential Value Discovery Fund Growth	4,60,827
Franklin India Bluechip Fund Growth	4,15,000
HDFC Balanced Advantage Fund Growth	3,73,500

Mahindra and Mahindra – One of the leading auto manufacturers known for its iconic brand “Scorpio”. The company has been having a good run with its new launches receiving a huge response from customers. The Q2FY23 results were also the best quarterly results in the history of the company.

Mutual fund schemes that bought more than one lakh shares in October

Mahindra and Mahindra	Shares in numbers
HDFC Flexi Cap Fund Growth	11,86,288
ICICI Prudential Tranporstation and Logistics Fund Regular Growth	4,18,779
Kotak Business Cycle Fund Regular Growth	3,25,000
Axis Bluechip Fund Growth	2,82,425

Infosys – It is India’s second largest IT services company. It surprised analysts in with Q2FY23 results when it reported a strong TCV of USD2.7b (the highest in the last seven quarters), of which 54% were net new. The deal pipeline remains healthy and larger than preceding quarters. The management also updated its revenue growth guidance for FY23 to 15-16% YoY in CC terms.

Mutual fund schemes that bought more than one lakh shares in October

Infosys	Shares in numbers
SBI Contra Fund Regular Payout Inc Dist cum Cap Wdrl	9,00,000
Aditya Birla Sun Life Frontline Equity Fund Growth	7,95,576
Kotak Equity Arbitrage Fund Growth	6,51,600
ICICI Prudential Technology Fund Growth	5,56,800

Midcap companies that that saw buying of a total of few crore shares this month by mutual funds.

Zee Entertainment – It is is engaged in Broadcasting of Satellite Television Channels and digital media and also owner of the OTT platform Zee5. It has seen growing market share in its regional channels this quarter. Another trigger that has initiated buying interest is the merger with Sony, which is expected to be complete in the next two quarters.

Mutual fund schemes that bought more than one lakh shares in October

Zee Entertainment	Shares in numbers
ICICI Prudential Value Discovery Fund Growth	55,03,758
Aditya Birla Sun Life Frontline Equity Fund Growth	25,55,228
ICICI Prudential Focused Equity Fund Growth	18,64,566
Mirae Asset Emerging Bluechip Fund Growth	17,50,000

Tata Chemicals – Tata Chemicals is one of the top five players in the global soda ash market. Under basic chemical, it offers soda ash, sodium bicarbonate, cement, salt, marine chemicals and crushed refined soda. Speciality chemical consists of agro chemical through Rallis and other specialty solutions such as nutritional products. It also posted a stellar Q2FY23 result with highest revenue and profits in the last ten quarters.

Mutual fund schemes that bought more than one lakh shares in October

Tata Chemicals	Shares in numbers
Kotak Flexicap Fund Growth	26,50,000
Kotak Equity Opportunities Fund Growth	12,00,000
Kotak Business Cycle Fund Regular Growth	3,80,000
Nippon India Growth Fund – Growth	2,90,000

BHEL (Bharat Heavy Electricals Limited) – This PSU is India’s largest engineering company and dominates the supply of equipment for power plants in the country. Its products include gas turbines, generators, thermal sets, diesel shunters, turbo sets, hydro sets, power transformers, switch gears, circuit breakers and boilers. In Q2FY23, it booked new orders worth Rs 14,511 crore. With a strong order pipeline across its verticals, interest in the stock is rising.

Mutual fund schemes that bought more than one lakh shares in October

BHEL	Shares in numbers
Nippon India Focused Equity Fund – Growth	1,04,07,404
HDFC Arbitrage Fund Wholesale Plan Growth	45,04,500
DSP Dynamic Asset Allocation Fund Regular Growth	33,39,000
L&T Arbitrage Opportunities Fund Regular Growth	30,87,000

Delivery – It is an integrated logistics company with a pan India presence having a network that includes 122 gateways, 21 automated sort centres and 93 fulfilment centres. In Q2FY23, the company was able to substantially increase its revenues on a YoY basis as well as pare down its losses. Though not profitable yet, probably of a profitable quarter in the near future have increased.

Mutual fund schemes that bought more than one lakh shares in October

Delhivery	Shares in numbers
SBI Flexicap Fund Regular Growth	40,00,000
HDFC Flexi Cap Fund Growth	30,45,655
HDFC Focused 30 Fund Growth	7,22,827
ICICI Prudential Tranporstation and Logistics Fund Regular Growth	5,46,838

Other companies part of the Nifty 500 that that saw buying of a total of few crore shares this month by mutual funds.

RBL Bank – It is a private sector bank with a wide range of banking and financial services including wholesale banking, retail banking, treasury operations and other banking related activities. The bank reported a 5.5X YoY jump in net profit to Rs 2 billion in Q2FY23. It also plans to launch its 2W, Used Cars, and Gold loans in 3QFY23.

Mutual fund schemes that bought more than one lakh shares in October

RBL Bank	Shares in numbers
Nippon India Small Cap Fund – Growth	50,00,000
Nippon India Arbitrage Fund Growth	16,60,000
Tata Flexi Cap Fund Regular Growth	16,50,000
Quant Small Cap Fund Growth	13,50,000

Anupam Rasayan – It is a specialty chemical player. The Q2FY23 results saw the revenues rise by 50%. The company has expansion plans in place to building multipurpose plants in our existing units at Sachin and Jhagadia. It also raised around Rs 500 crore through Qualified Institutional Placement (QIP) for growth capex in Q2FY23.

Mutual fund schemes that bought more than one lakh shares in October

Anupam Rasayan	Shares in numbers
Quant Active Fund Growth	4,96,551
Aditya Birla Sun Life Multi-Cap Fund Regular Growth	4,13,793
Aditya Birla Sun Life Equity Advantage Fund Growth	3,44,827
Franklin India Smaller Companies Fund Growth	3,44,526

Prestige Estates – It is one  India’s largest developer in terms of booking value for FY22. Majority of its growth has been from  projects in Bengaluru and Hyderabad. The company has made a foray into new territories with projects in Mumbai and NCR region. It reported Q2FY23 gross sales bookings of Rs 35.1bn in Q2FY23 as against Rs3 0.1bn in Q1FY23 with five new launches spread across 7.4msf in Bengaluru and Mumbai.

Mutual fund schemes that bought more than one lakh shares in October

Prestige Estates	Shares in numbers
Mirae Asset Emerging Bluechip Fund Growth	11,27,520
Mirae Asset Midcap Fund Regular Growth	11,09,712
Mirae Asset Tax Saver Fund -Regular Plan-Growth	6,53,067
HDFC TaxSaver Growth	3,97,315

Dabur – It is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care, ayurvedic and food products with a portfolio of over 250 products. On 26 October 2022, Dabur announced the acquisition of 51% shareholding of Badshah Masala for Rs. 588 crore. Badshah manufactures, sells, and exports blended spices, ground spices, and seasonings. It also reported a good set of Q2FY23 with highest revenues in the last ten quarters.

Mutual fund schemes that bought more than one lakh shares in October

Dabur	Shares in numbers
Kotak Equity Arbitrage Fund Growth	26,57,500
Mirae Asset Large Cap Fund Regular Growth	18,41,689
ICICI Prudential Focused Equity Fund Growth	11,50,550
Nippon India Arbitrage Fund Growth	7,25,000

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