As per a note from brokerage firm Phillip Capital, Vodafone Idea and Suzlon emerged as the top picks of mutual funds in the mid-cap category.
What Happened: As per data shared by the brokerage firm, mutual funds net bought Vodafone Idea 44.67 crore shares and 14.52 crore shares of wind energy major Suzlon. In the midcap segment, NHPC fell out of favour as mutual funds sold 7.70 crore shares of the PSU.
HDFC Bank, IRFC, and HDFC Life were the most-bought large-cap stocks by mutual funds. Ujjivan Small Finance Bank and Indiabulls Real Estate were among the top-bought small-cap stocks by mutual funds during the period. IRCON and RVNL emerged as the top picks of mutual funds in the Industrials basket.
Large Cap
| Company | Share Change |
|---|---|
| HDFC Bank | 50,013,684 |
| IRFC | 48,432,255 |
| HDFC Life | 43,887,832 |
| ITC | 40,714,474 |
| IOCL | 25,458,596 |
See Also: Tata Motors’ ‘Punch’ Sees Sales Surge 70% In May, But Loses Best Selling Car Crown
Mid Cap
| Company | Share Change |
|---|---|
| Vodafone | 446,774,706 |
| Suzlon | 145,202,035 |
| SAIL | 28,829,338 |
| IDFC First Bank | 24,193,413 |
| Apollo Tyres | 16,863,663 |
Small Cap
| Company | Share Change |
|---|---|
| Ujjivan SFB | 76,117,325 |
| Indiabulls Real Estate | 20,074,899 |
| Aptus Value Housing Finance | 18,239,863 |
| HFCL | 14,287,545 |
| CESC | 12,606,348 |
Mutual fund equity net flows (open, closed and NFOs) remained strong at ₹34,700 crore in May 2024 compared to ₹18,900 crore in April.
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