What did SBI MF buy and sell in August 2022?


Photo: iStock

Mumbai: India’s largest mutual fund house – SBI MF holds Rs 4.56 million shares. Significant changes to their holding profile for the month of August include large purchases in the banking and technology sectors, while the largest sales were in the materials and communications segment. This trend was recorded in terms of large purchases and large sales for the second month in a row.

Major new purchases made by SBI MF include Karur Vyasa Bank, Firstsource Solutions, Intellect Design Arena and Nazara Tech. Major new sales include Kirloskar Oil Engines, Everest Industries, Gabriel India, ITD Cementation and Cyient.

The asset management company also added more positions in CESC, Sona BLW Precision Forgings, Ashok Leyland, ITC, Vodafone Idea, Tata Power while reducing its stake in IDFC First Bank, IOCL, HCL Tech, Federal Bank, NHPC and M&M Financial Services.
SBI MF’s top performing funds over the past year in terms of returns are the SBI PSU Fund, SBI Consumption Opportunities Fund and SBI Smallcap Fund, which rose 20-26%, according to Bloomberg data. SBI MF is underweight autos, capital goods, chemicals and fertilizers and underweight banking, IT and oil & gas, according to a note from Edelweiss.

The SIP (Systematic Investment Plan) remained above the Rs 12,000 mark for the fourth consecutive month and hit record highs. Retail investors showed resilience in the face of the volatility seen in August. NFOs (new fund offerings) also contributed to SIP entries for the second month in a row after a three-month ban by SEBI. According to AMFI data for the month of August, the SIP rose to Rs 12,694 crore.

The equities segment saw inflows for the eighteenth consecutive month. All categories of equity funds recorded inflows in August, with the exception of thematic and dividend-yielding funds. Share flows came in at Rs 6,120 crore, the lowest in ten months. The small-cap and large-cap categories both saw lower flows, but for mid-cap funds, fund flow increased compared to July.


Comments are closed.