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Some of the new-age technology stocks too, made it to the shopping list of mutual funds last month. For both SBI Mutual Fund and Nippon India Mutual Fund, FSN E-Commerce was among the top 10 stocks bought in January.
Both Zomato and Info Edge (India) made it to the list of top 10 stocks bought by ICICI Prudential AMC.
Auto ancillary stocks found favour among the domestic institutional investors. Stocks of the Motherson Group were picked by some of the top mutual fund houses last month.
Here’s listing the top 10 stocks bought by India’s top 10 asset management companies in January:
SBI Mutual Fund: FSN E-Commerce, Steel Authority of India, GlaxosmithKline Pharmaceuticals, National Aluminium Co, Hindustan Aeronautics, Trent, L&T Finance Holdings, Bank of India, Motherson Sumi Wiring India Ltd, and United Spirits
ICICI Prudential AMC: Zomato, Info Edge (India), Tata Motors, Ambuja Cements, Bajaj Finserv, Dixon Technologies, Affle India, City Union Bank, Hindustan Aeronautics, and Aditya Birla Fashion and Retail.
HDFC AMC: Gland Pharma, TVS Motor Co, Bajaj Finserv, Apollo Hospitals Enterprise, Kotak Mahindra Bank, Eicher Motors, Dixon Technologies, Voltas, Tata Consumer Products, and ACC.
Nippon MF: TTK Prestige, Piramal Enterprises, FSN E-Commerce, Kansai Nerolac Paints, HPCL, Greenlam Industries, REC, Can Fin Homes, Grasim Industries, and Cummins India.
Aditya Birla Sun Life AMC: Power Finance Corp, Samvardhana Motherson International, Apollo Tyres, ONGC, Vinati Organics, HDFC Life Insurance, ICICI Prudential Life Insurance, Bank of India, SAIL, and AIA Engineering.
Axis MF: AIA Engineering, Tata Motors, United Breweries, M&M Financial Services, Cholamandalam Financial, Craftsman Automation, Vedant Fashions, Carborundum Universal, Multi Commodity Exchange of India, and Abbott India.
DSP BlackRock MF: Adani Ports and SEZ, Ambuja Cements, Reliance Industries, Engineers India, Apar Industries, Jubilant Ingrevia, Zydus Lifesciences, Kotak Mahindra Bank, Bharat Electronics, and Marico.
Kotak Mahindra AMC: South Indian Bank, Asian Paints, Dixon Tech, Pidilite Industries, Indian Hotels Co, Cholamandalam Investment, Wipro, Apollo Tyres, ACC, and LTIMindtree.
Tata MF: Vardhman Special Steels, and Repco Home Finance.
HSBC AMC: Union Bank of India, Gujarat State Petronet, and Bharat Forge.
In terms of returns, January turned out to be a month of negative returns for domestic equities due to the weak global sentiment, which got aggravated by the sell-off in Adani Group stocks following major allegations by US-based short seller Hindenburg Research.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price