What mutual funds bought and sold in December?

NEW DELHI: According to fund managers, the last week of January saw a significant amount of buying and selling of mutual fund stocks due to the stock market slump. It should be noted that mutual funds deployed nearly 12,500 crore rupees in January, which is the highest amount in the previous four months and as well as sector-wise.
Similarly, when it comes to sectors, they have increased their exposure in auto, auto accessories, IT, consumer staples, and metals while decreasing their exposure in financials, consumer discretionary, and building materials. However, the cash level remained roughly constant at 4.7% of the total AVM across all mutual funds.
Stocks that were added
First, in large caps, they have used their weakness in new tech stocks and ICICI Bank to add these stocks to their portfolio, whereas Ambuja is one of the Adani Group stocks where mutual funds have sold the most.
Mid caps
Mutual funds added Motherson Sumi Wiring India Ltd, Ashok Leyland, and SAIL stin January, while they used gains in Federal Bank and REC to exit their positions in these stocks.
Small caps
Among small caps, despite the gains seen in South Indian Bank and EPL in January, mutual funds have not shied away from increasing their stakes in these two counters, while there has been a shift in shareholding from JMC projects to Kalpatru power of a few mutual funds as a result of the merger that we saw between these two entities. Furthermore, mutual funds took advantage of the gains in heritage foods and Indiabulls housing to reduce their stake.
Mutual funds have consistently bought large cap stocks like HUL, Airtel, and ITC while selling HCL Tech and metals like JSW Steel, Hindustan Zinc, Coal India, and Hindalco in the last three months. However, they have increased their stake in Bandhan Bank, Nykaa, and SAIL while decreasing their stake in JSW Energy, Indian Bank, and Solar Industries. They have steadily increased their stake in VIP industries, including the recently listed Bikaji Foods, while decreasing their holdings in CESC, Sundaram Clayton, and UTI AMC when it comes to small caps.
Source: ET Now