In September, Systematic Investment Plans (SIPs) in mutual funds reached a record high, with an inflow of Rs 16,402 crore, surpassing the previous month’s record of Rs 15,814 crore. Major fund houses were actively involved in both significant block deals and investments in lesser-known companies. This surge in SIP investments reflects strong investor confidence in mutual funds. Big fund houses have made notable additions and reductions in their portfolios, contributing to the dynamic investment landscape.
H D F C M u t u a l F u n d
In September 2023, HDFC Mutual Fund made strategic moves in its
portfolio. Notably, they added substantial investments in Mukesh
Ambani-led Reliance Industries (Rs 949 crore), Kotak Mahindra Bank
(Rs 691 crore), and HDFC Bank (Rs 561 crore). Simultaneously, the
fund offloaded shares in Larsen & Toubro (Rs 330 crore), Power
Finance Corporation (Rs 307 crore), and Jio Financial Services (Rs
205 crore). Additionally, they introduced Aditya Vision and JSW Infra
as new entrants while exiting Hinduja Global completely. These
decisions reflect the fund’s commitment to optimizing its holdings.
S B I M u t u a l F u n d
SBI Mutual Fund exhibited a dynamic portfolio strategy in
September 2023. Notable additions included HDFC Bank (Rs
1,296 crore), ICICI Bank (Rs 877 crore), and Infosys (Rs 464 crore).
The fund’s significant reductions comprised Jio Financial Services
(Rs 1,736 crore), NHPC (Rs 805 crore), and Larsen & Toubro (Rs
529 crore).in the large-cap segment, SBI MF bolstered its
positions in HDFC Bank, ICICI Bank, and Infosys, with some
additions to Reliance Industries. However, they maintained a
neutral stance on ITC and Tata Consultancy Services (TCS).The
fund divested holdings in several stocks, including Larsen & Toubro
(L&T), State Bank of India (SBI), Bajaj Finance Ltd, and Bharti
Airtel Ltd. Their top 5 stock picks for September 2023 showcased
strategic additions to Jupiter Life Hospitals Ltd, Vodafone Idea,
Trent Ltd, Jubilant Foodworks, and RBL Bank Ltd. Additionally,
they made smaller fresh additions to VRL Logistics and Whirlpool
of India, reflecting their active and dynamic investment approach.
K o t a k M u t u a l F u n d
Kotak Mutual Fund made strategic moves in September 2023, focusing on key additions and reductions in their portfolio. They added substantial positions in NTPC (Rs 418 crore), Reliance Industries (Rs 330 crore), and IndusInd Bank (Rs 285 crore). On the selling side, they offloaded shares in prominent companies such as Adani Enterprises (Rs 255 crore), Infosys (Rs 210 crore), and Larsen & Toubro (Rs 210 crore). The fund also welcomed new entrants, RR Kabel and Voltamp Transformers, while exiting Happiest Minds Tech. In terms of percentage increase, Kotak Mutual Fund aggressively bolstered holdings in Reliance Industries, Ultratech Cements, HDFC Bank, and SBI. They also added smaller quantities of ICICI Bank and Maruti Suzuki Ltd. Interestingly, they chose not to stay neutral on any stock in September 2023. Their top 5 stock picks for the month included enhancements in Aarti Industries Ltd, Aavas Financiers Ltd, ABB India Ltd, Abbott India Ltd, and ACC Ltd. This reflects their active investment strategy.
A x i s M u t u a l F u n d
Axis Mutual Fund made significant moves in September 2023. They
added Maruti Suzuki and Tata Motors to their portfolio, each with
investments of Rs 73 crore, and acquired Jio Financial Services for
Rs 108 crore. However, they reduced their stakes in Kotak Mahindra
Bank, HDFC Bank, and ICICI Bank. The fund saw new entrants like
RR Kabel and L&T Financial Holdings, while exiting TTK Prestige. In
September, Axis Mutual Fund opted for a sell-side strategy and
didn’t add to positions in any frontline stocks, choosing to stay light
at the top of the markets. They were aggressive sellers in HDFC
Bank, ICICI Bank, TCS, and Pidilite Industries Ltd. Their top 5 stock
picks for the month included BSE Ltd, United Spirits, Tata Power
Company, Bharat Forge, and BPCL Ltd.
N i p p o n I n d i a M u t u a l F u n d
Nippon India Mutual Fund made notable changes in its portfolio in
September 2023. They added Shella Foam, PG Electroplasts, and
Grasim Industries as new entries. The fund also increased its
positions in Power Grid Corporation, Reliance Industries, HDFC
Bank, and ICICI Bank, with State Bank of India (SBI) also seeing
increased investments. They stayed neutral on Axis Bank Ltd. On
the sell side, Nippon India MF reduced positions in stocks like NTPC
Ltd, Infosys Ltd, Coal India Ltd, and ONGC Ltd. Their top 5 stock
picks for September included new additions of PG Electroplast Ltd
and Sheela Foam Ltd, as well as increased stakes in Rishabh
Instruments, Aditya Birla Capital, and TVS Holdings Ltd.
Q u a n t M u t u a l F u n d
Quant Mutual Fund’s recent data reveals a strategic shift in its
portfolio. Notable investments include Adani Ports, SJVN, and Grasim
Industries. The fund trimmed its holdings in HDFC Bank, Tata Steel,
and Union Bank. In the large-cap category, Quant’s top holdings
feature Reliance Industries, Jio Financial Services, and Punjab
National Bank. Meanwhile, its mid-cap selections encompass Piramal
Enterprises, Escorts Kubota, and Aurobindo Pharma, showcasing the
fund’s balanced approach to wealth creation and risk management.
I C I C I P r u d e n ti a l M u t u a l F u n d
ICICI Prudential Mutual Fund made significant changes to its
portfolio in September 2023. They added prominent companies
like HDFC Bank, ICICI Bank, and Hindustan Unilever. The fund
increased its positions in HDFC Bank, ICICI Bank, Sun Pharma,
Reliance Industries, and Infosys. It didn’t stay neutral on any
frontline stocks. ICICI Prudential MF aggressively reduced holdings
in Larsen & Toubro, Maruti Suzuki Ltd, Axis Bank Ltd, NTPC Ltd,
and Bharti Airtel Ltd. The top 5 stock picks for September
included Navin Fluorine, HDFC Life Insurance Ltd, Shriram Finance
Ltd, Bosch Ltd, and Gujarat State Petronet Ltd (GSPL).
References
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