Stocks Purchased by Mutual Funds in August 2023

Posted by : Sheen Hitaishi | Sun Sep 17 2023

Stocks Purchased by Mutual Funds in August 2023

[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css=”.vc_custom_1694890170183{margin-right: 16px !important;margin-left: 16px !important;border-right-width: 10px !important;border-left-width: 10px !important;}”]Data reveals that many mid-cap and small-cap stocks have experienced significant growth over the past three months. In fact, both the mid-cap and small-cap indices have witnessed higher fund inflows than the Nifty in August. It’s not surprising that mutual fund schemes have played a significant role in these investments.

During August, mutual fund schemes made purchases across various mid-cap and small-cap stocks, spanning sectors as diverse as energy, hotels, and pharmaceuticals. Despite some analysts’ caution regarding these stocks, fund managers are selectively acquiring stocks they believe have the potential for further growth.

Listed below are a few stocks from the Nifty 500 universe that have gained increased interest from mutual fund schemes. Each of these stocks saw net purchases of more than one lakh shares by at least four mutual fund schemes in August, along with a 5% increase in holdings.

MF Buys August

Zomato

Zomato is a leading food delivery aggregator in India, with presence in 23 other countries as well. The company’s management is confident of attaining over 40% YoY growth in the coming years, primarily fuelled by an increase in the user base. Funds who increased holdings in Zomato:

  • Axis Bluechip Fund Growth
  • Kotak Equity Opportunities Fund Growth
  • Kotak Flexicap Fund Growth
  • Axis Flexi Cap Fund Regular Growth

Suzlon

Suzlon Energy is primarily engaged in the business of manufacturing of Wind Turbine Generators (‘WTGs’) and sale of related components of various capacities. After years of posting losses, it ended FY23 with a net profit of Rs 2,849 crore, raising investors hopes of a turnaround in the company. Funds who increased holdings in Suzlon:

  • 360 ONE Focused Equity Fund Regular Growth
  • ICICI Prudential Mid Cap Fund Growth
  • HDFC Large and Mid Cap Fund Growth
  • Bandhan Sterling Value Fund Regular Plan Growth

Union Bank of India

Union Bank of India is one of the leading public sector banks of the country. Like many other public sectors banks, Union bank has seen a drastic improvement in its performance following a rise in disbursements as well as paring down NPAs to 1.58% from peak levels of 4.7% a few quarters ago. Funds who increased holdings in Union Bank of India:

  • Nippon India Growth Fund – Growth
  • HDFC Mid-Cap Opportunities Fund Growth
  • Sundaram Mid Cap Growth
  • Aditya Birla Sun Life Pure Value Fund Growth

Lemon Tree Hotels

Lemon Tree Hotels is the fifth largest hotel chain in India based on number of hotels. It caters to different segments of the market with its different brands. Aurika represents the premium segment, Lemon Tree represents the business hotels while Red Fox targets the economy segment.
In October 23, it will begin operations of its largest property in Mumbai, Aurika Sky City with 670 rooms and this is expected to drive growth for the company. Funds who increased holdings in Lemon Tree Hotels:

  • HSBC Small Cap Fund Regular Growth
  • Nippon India Small Cap Fund – Growth
  • Bank of India Small Cap Fund Regular Growth
  • Bank of India Manufacturing & Infra Growth

Indigo (Interglobe Aviation)

Indigo is one of the most efficient low cost air carriers (LCCs) with a market share of 54% in the Indian aviation sector. It is one airline which has consistently maintained its market share in the industry. Management has guided that it would add 25% capacity in Q2FY24 as against Q2FY23. Funds who increased holdings in Indigo:

  • Motilal Oswal Flexicap Fund Regular Plan Growth
  • Kotak Equity Arbitrage Fund Growth
  • Mirae Asset Emerging Bluechip Fund Growth
  • Canara Robeco Emerging Equities Growth

Suven Pharma

Suven Pharmaceuticals is engaged in the business of development and manufacturing of New Chemical Entity (NCE) based Intermediates, Active Pharmaceutical Ingredients (API), Specialty Chemicals and formulated drugs under contract research and manufacturing services for global pharmaceutical, biotechnology and chemical companies. Funds who increased holdings in Suven Pharma:

  • DSP Tax Saver Fund Regular Plan Growth
  • DSP Flexi Cap Fund Payout of Income Dist cum Cap Wdrl
  • DSP Equity Opportunities Fund Growth
  • Quant Business Cycle Fund Regular Growth

MF Buys August

Coforge

Coforge is a mid-sized IT services company that offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. The company has achieved the milestone of annual revenue of US$1 bn in revenue in FY23 and is now aiming for US$2 bn revenue annually with sustainable profitability. Funds who increased holdings in Coforge:

  • SBI Large & Midcap Fund Regular Payout Inc Dist cum Cap Wdrl
  • HDFC Flexi Cap Fund Growth
  • SBI Contra Fund Regular Payout Inc Dist cum Cap Wdrl
  • SBI Long Term Equity Fund Regular Payout of Income Distribution cum Cap Wdrl

Minda Corp

Minda Corporation is an auto ancillary company that primarily serves auto OEMs across two main verticals – Mechatronics & Aftermarket (i.e. MCH – safety & security system (lock & key, smart key), die-casting, starter motors, etc.) and Information & Connected Systems (i.e. ICS – mainly wiring harnesses, sensors and instrument clusters).
It has a strong set of products that have applications in both 2W and 4W EVs. The growth of the overall EV market is expected to benefit the company substantially. Funds who increased holdings in Minda Corp:

  • ICICI Prudential Smallcap Fund Growth
  • Axis Small Cap Fund Regular Growth
  • ICICI Prudential Transportation and Logistics Fund Regular Growth
  • Axis Multicap Fund Regular Growth

ACC

ACC is one of India’s oldest cement companies and was acquired last year by the Adani group. It recently began commercial clinker production at its greenfield Ametha Integrated Cement Plant, situated in the Katni district of Madhya Pradesh. This plant boasts a clinker capacity of 3.3 million metric tonnes per annum (MTPA) along with a cement capacity of 1 MTPA, adding to the overall production capacity of ACC. Funds who increased holdings in ACC:

  • Mirae Asset Emerging Bluechip Fund Growth
  • Mirae Asset Midcap Fund Regular Growth
  • Aditya Birla Sun Life Multi-Cap Fund Regular Growth
  • ICICI Prudential Equity Arbitrage Fund Regular Growth

Prince Pipes

Prince Pipes & Fittings is one of the leading manufacturers of plastic pipes in India, having 5.5% market share in this industry. Products are marketed under the brand names: Prince Piping Systems and Trubore. Apart from pipes, in the last quarter, it has forayed into bath fittings and sanitaryware. Funds who increased holdings in Prince Pipes:

  • ICICI Prudential Smallcap Fund Growth
  • DSP Small Cap Fund Regular Plan Growth
  • Mirae Asset Multicap Fund Regular Growth
  • JM Flexicap Fund Growth

Concord Biotech

Concord Biotech is an India-based biopharma company and one of the leading global developers and manufacturers of select fermentation-based APIs across immunosuppressant and oncology It made its debut on the stock exchanges on 18th August 2023. Many fund managers have bought in this company as soon it listed. Funds who increased holdings in Concord Biotech:

  • HSBC Small Cap Fund Fund Regular Growth
  • DSP Healthcare Fund Regular Growth
  • Nippon India Pharma Fund – Growth
  • Mirae Asset Healthcare Fund Regular Growth

BSE

BSE is the oldest stock exchange in the country. In recent times, increasing participation in the equities and derivatives market has been a catalyst for the company’s growth. BSE options volumes, which were non-existent between January and May this year, rose above Rs 10 trillion (ADTV on notional basis) in August for the first time, following changes such as lower ticket size and introducing Friday expiry.
Funds who increased holdings in BSE:

  • Quant Small Cap Fund Growth
  • Nippon India Growth Fund – Growth
  • Motilal Oswal Balance Advantage Fund Regular Plan Growth Option
  • Quant Tax Plan Growth

 

ABOUT THE AUTHOR

Ketan Sonalkar (SEBI Rgn No INA000011255 )

Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at Univest. He is one of the finest financial trainers, with a track record of having trained more than 2000 people in offline and online models. He serves as a consultant advisor to leading fintech and financial data firms. He has over 15 years of working experience in the finance field. He runs Advisory Services for Direct Equities and Personal Finance Transformation.

Note – This channel is for educational and training purpose only & any stock mentioned here should not be taken as a tip/recommendation/advice

You may also like: Weekly update[/vc_column_text][/vc_column][/vc_row]

icon

100% Safe & Secure Platform.

Univest encrypts all data and transactions to ensure a completely secure experience for our members.

Copyright

2025 Univest. All rights reserved. | Designed with ❤️ in India
About Univest
About: Univest is a cutting-edge stock market platform designed to help traders and investors maximize their returns with expert-driven advisory services and seamless trading execution. Whether you're a seasoned trader or just starting, Univest simplifies your investment journey with actionable trade recommendations, AI-powered portfolio insights, and a fully integrated brokerage experience. With Univest, you gain access to proven stock market advisory, offering expert trade ideas for stocks, futures, options, and commodities. Our one-click trade execution feature eliminates slippage, ensuring instant execution through our advisory-first brokerage. Smart portfolio management allows you to identify underperforming stocks, optimize your investments, and receive real-time alerts. Additionally, Univest provides seamless investment opportunities beyond stocks, including mutual funds, bonds, fixed deposits, and insurance (coming soon). Join over 40 lakh active investors who trust Univest to make informed and profitable trading decisions. Start investing smarter today! 🚀  
Attention Investors : To ensure a smooth trading experience and prevent unauthorized transactions, investors must update their mobile number and email ID with their stockbroker or depository participant. As per regulatory requirements, investors are required to pay a stipulated amount as an upfront margin for trading in the Cash/FO segment. We encourage all investors to regularly check their securities in the Consolidated Account Statement (CAS) issued by depository to verify their holdings.Always verify alerts and transaction details received directly from the exchange or NSDL before proceeding with any trades. Please do not make payments through unverified email links, WhatsApp, or SMS. Always trade through a registered stockbroker and verify all details before making financial decisions.
 
Disclaimer: Investments in the securities market are subject to market risks. Please read all related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. For more disclaimer /disclosure, visit https://univest.in/stock-broker or Univest App.We collect and use your contact information for legitimate business purposes, including providing updates on our products and services. We do not sell or rent your contact information to third parties. By submitting your details, you authorize us to contact you via Call/SMS, even if you are registered under DND. This authorization remains valid for 12 months.For grievances, please contact us at hello@unibrokers.in .
 
Univest Stock Broking Disclosures
Univest Stock Broking Private Limited - SEBI Reg. No. INZ000317437 (Stock Broker), NSE TM Code: 90392, BSE TM Code: 6866, MCX TM Code: 57290 and ICCL- Self Clearing Member Code: 6866, SEBI Reg. No. IN-DP-779-2024 (Participant), NSDL DP ID: IN304748.
 Risk Disclosures on Derivatives
1. 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
2. On an average, loss makers registered net trading loss close to ₹ 50,000
3. Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
4. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Attention Investors: As per NSE circular dated July 6, 2022: https://nsearchives.nseindia.com/content/circulars/INSP52900.pdf, BSE circular dated July 6, 2022: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220706-55, MCX circular dated July 11, 2022: https://www.mcxindia.com/docs/default-source/circulars/english/2022/july/circular-418-2022.pdf?sfvrsn=9401991_0, investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. 
Investors are further cautioned to avoid practices like:
a. Sharing 
i) trading credentials – login id and passwords including OTPs.
ii) trading strategies,
iii) position details.
b. Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c. Writing/ selling options or trading in option strategies based on tips, without basic knowledge and understanding of the product and its risks.
d. Dealing in unsolicited tips through platforms like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e. Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.
 Kindly read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets: https://nsearchives.nseindia.com/content/circulars/INSP49434.pdf
Kindly, read the advisory as prescribed by the Exchange with reference to their circular: NSE/ISC/51035 dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: https://www.nseindia.com/resources/exchange-communication-circulars# 
Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from NSDL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (Broker, DP), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Univest Stock Broking Private Limited and offering such services, please send us an email at hello@unibrokers.in
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number. Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL every month.
Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the- indian-securities-market_74794.html. ODR portal for Investors - https://smartodr.in/login.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.
General
arrow down