Vodafone Idea, Suzlon Emerge As Mutual Funds' Top Midcap Picks In May

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

CompanyShare Change
HDFC Bank50,013,684
IRFC48,432,255
HDFC Life43,887,832
ITC40,714,474
IOCL25,458,596
Top 5 shares bought by mutual funds in May. Source: Phillip Capital

See Also: Tata Motors’ ‘Punch’ Sees Sales Surge 70% In May, But Loses Best Selling Car Crown

Mid Cap

CompanyShare Change
Vodafone446,774,706
Suzlon145,202,035
SAIL28,829,338
IDFC First Bank24,193,413
Apollo Tyres16,863,663
Top 5 shares bought by mutual funds in May. Source: Phillip Capital

Small Cap

CompanyShare Change
Ujjivan SFB76,117,325
Indiabulls Real Estate20,074,899
Aptus Value Housing Finance18,239,863
HFCL14,287,545
CESC12,606,348
Top 5 shares bought by mutual funds in May. Source: Phillip Capital

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.

Read Next: Why Paytm Share Price Is Rocketing 9% Today

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