Fresh Buys To Complete Exits: Stocks That Mutual Funds Bought And Sold In November

As markets remained choppy in November, recovering from the month prior that saw the largest decline for the benchmark Nifty 50 in years, led by the largest ever selling by foreign investors, here's how mutual fund managers reallocated their holdings.

After a long-awaited initial public offering, Swiggy Ltd. was listed on the exchanges in November, and saw stellar participation by mutual funds.

As many as 80 of the actively managed mutual fund schemes added the stock to their portfolio, with the value of shares bought at Rs 4,530 crore at the end of the month.

Among the top new entrants across schemes, NTPC Green Energy Ltd. took the second spot after also getting listed during the month. The value of shares bought stood at Rs 3,266 crore, as on Nov. 30, according to ACE MF.

Three large cap stocks — State Bank of India Ltd., Trent Ltd., and Zomato Ltd. were among the top fresh entrants for the month.

Among stocks that got completely sold out of multiple schemes during the month, HDFC Bank Ltd. took the top spot, with three schemes exiting the stock, and the value of shares sold at Rs 766 crore.

Cummins India Ltd., and Coforge Ltd. saw complete exits out of 11 and six schemes respectively, taking the second and third spot based on value of shares sold for such companies.

As fund managers reallocated holdings, Zomato Ltd. saw the largest increase in allocation, with fund managers buying 1.12 crore shares during the month. Notably, the company had also launched a qualified institutional placement offer in November.

Among stocks that saw the largest decline in allocation, NTPC Ltd. took the top spot, with over 44 lakh shares being sold across active equity schemes during the month. Allocation towards the company as a percentage of the overall holdings fell by 0.14%.