INSTIPRO Holding Movement of Top AMC for June 2021

INSTIPRO Holding Movement of Top AMC For June 2021

July 2021 About InstiPro

List of AMC* Short Form Description: Aditya Birla Sun Life AMC Ltd. ABSL AMC InstiPro is a report on holdings movement of top asset management Axis Asset Management Co. Ltd. Axis AMC Canara Robeco Asset Management Co. Ltd. Canara AMC companies (selected) based out of India. It provide insights on institutional DSP Investment Managers Pvt Ltd. DSP AMC activities including list of companies, sector and industry where the Edelweiss Asset Management Ltd. Edelweiss AMC positions were increased, decreased, sold out or added over a specific Franklin Templeton Asset Management Ltd. Franklin AMC HDFC Asset Management Co. Ltd. HDFC AMC duration of 1 month. ICICI Prudential Asset Management Co. Ltd ICICI AMC IDFC Asset Management Co. IDFC AMC Invesco Asset Management (India) Pvt Ltd. Invesco AMC Kotak Mahindra Asset Management Co. Ltd. Kotak AMC Period: 1st-30th June’21 L&T Investment Asset Management Co. Ltd L&T AMC Mirae Asset Global Investments (India) Pvt Ltd. Mirae AMC Holding Movement Period: 1 Month Motilal Oswal Asset Management Co. Ltd. Motilal AMC Currency & Denomination: INR in Million Nippon Life Asset Management Ltd. Nippon AMC Shares: In Thousands (Rounded off) Principal Asset Management Pvt Ltd. Principal AMC SBI Funds Management Pvt Ltd. SBI Funds Share Movement: Based on number of shares bought/sold by AMC Sundaram Asset Management Co. Ltd. Sundaram AMC Database: FactSet Tata Asset Management Ltd. TATA AMC UTI Asset Management Co. Ltd. UTI AMC

*The above AMC cover ~80% of the overall AMC’s AUM. The data list of AMC Note: Position movements are not net-off on overall activity. excludes insurance companies and pension funds.

Source: FactSet & KRChoksey Research Sector Analysis - June’21 – Increased & New Positions

Fund flows into equities continued during June 21 albeit at a slower pace compared to May 2021; while profit booking remained high given indices were trading closer to all time high. SBI Cards and HDFC Life within BFSI space saw increased interest from funds, along with key other names including Indus Towers, Havells India and JSW Steel. Fresh positions were initiated by the top 3 domestic funds in the recently listed IPOs such as Sona BLW Precision, Dodla Dairy and KIMS. Top focus companies – Increased/New Positions Focus Sectors

Finance, 70,322 HDFC Bank | ICICI Bank | Shriram Transport | SBI Cards

Sona Blw | Havells | V Guard | Shyam Metalics Producer Manufacturing, 33,730

TVS | Crompton | Bajaj | M&M Consumer Durables, 25,661

Hindalco | JSW Steel | TATA Steel | JK Lakshmi Cement Non-Energy Minerals, 9,749

ITC | Dodla Dairy | Bata India | Godrej Consumer Consumer Non-Durables, 9,065

KIMS | Fortis Healthcare | Max Healthcare | Apollo Hospital Health Services, 7,291

BEL | Redington | Bharat Dynamic | Honeywell Electronic Technology, 2,584

Indus Tower | Bharti Airtel | TATA Communication | Railtel Communications, 1,757

Container Corp | Adani Ports | TCI Express | GMR Infra Transportation, 1,197

Info Edge | Cyient | Care Rating | NIIT Commercial Services, 1,033

Source: FactSet & KRChoksey Research Sector Analysis – June’21 – Decreased & Sold Out

Following from previous month, funds continued to churn their portfolio in June 2021 and book profits. Some of the key names which experienced high selling included Adani Enterprises, Asian Paints, ONGC, Titan, Hindustan Zinc, JSW Energy and Vodafone Idea.

Focus Sectors – Overall Movement Top focus companies – Decreased/Sold Out

Distribution Services, -968 Adani Enterprises | Varroc | Arvind Fashions | Orient Paper

Industrial Services, -3,657 Petronet | L&T | Voltas | Capacite

Health Technology, -4,070 Laurus | Dr Reddys | Divis Labs | Lupin

Energy Minerals, -4,345 ONGC | HPCL | IOCL | BPCL

Utilities, -8,144 GAIL | TATA Power | NTPC | Power Grid

Technology Services, -9,153 Infosys | HCL Tech | Coforge | Wipro

Process Industries, Asian Paints | Deepak Nitrite | Atul | Aarti Industries -19,315 Amount: INR Mn Note: The value is based on the combined price (average) for all securities bought/sold during June’21.

Source: FactSet & KRChoksey Research Performance Analysis – By Market Capitalization – June’21

Fresh positions in recently concluded IPOs and focused select stock buying strategy in mid-caps were undertaken by funds during June 2021. Key IPO stocks (also present in mid-cap segment) were new positions were taken include Sona BLW Precision, Shyam Metallics & Energy, and KIMS; whereas some of the other mid- caps which saw higher buying interest include Indian Bank, Manappuram Finance, Escorts, Shriram Transport Finance and Amar Raja Batteries.

Increased (INR Mn) Decreased (INR Mn) Total Companies: 578 Total Companies: 497 Mid Cap, 78,846 Mid Cap, No of Co: 190 Large Cap, -70,204 -3,24,610 No of Co: 165 Large Cap, No of Co: 156 3,75,284 Small Cap, No of Co: 158 Small Cap, 28,975 -21,129 No of Co: 230 No of Co: 176

New Position (INR Mn) Sold Out (INR Mn) Total Companies: 157 Total Companies: 88 Small Cap, Small Cap, -3,306 13,084 No of Co: 46 Mid Cap, No of Co: 42 Mid Cap, 43,672 -5,852 No of Co: 78 No of Co: 25 Large Cap, Large Cap, 3,910 -3,351 No of Co: 37 No of Co: 17

Note: The value is based on the combined price (average) for all securities bought/sold during June’21. Large Cap: >2.75Mn Mid Cap: 0.75 – 2.75Mn Small Cap: <0.75Mn

Source: FactSet & KRChoksey Research New Positions by AMC. – June’21

Mkt. Cap. INR 2,75,000 Mn & above In Mn In '000 Between INR 75,000 - 2,75,000 Mn In Mn In '000 Below INR 75,000 Mn In Mn In '000 Large Cap Price Mkt.Cap Shares Mid Cap Price Mkt. Cap Shares Small Cap Price Mkt.Cap Shares

Muthoot Finance Ltd 1,481 5,94,131 750 Sona Blw Precision Forgings Ltd 342 1,99,718 69,221 Dodla Dairy Ltd 575 34,214 5,489

Shriram Transport Finance Co Ltd 1,342 3,58,351 636 Krishna Institute Of Medical Ltd 947 75,766 7,768 Zensar Technologies Ltd 311 70,259 9,299

TVS Motor Co Ltd 620 2,94,673 1,268 Indian Bank Ltd 145 1,80,464 24,870 Brigade Enterprises Ltd 281 64,442 5,236

Dalmia Bharat (Odisha) Ltd 1,893 3,54,251 180 Radico Khaitan Ltd 760 1,01,498 2,308 KNR Constructions Ltd 238 66,849 5,280

Bank Of Baroda Ltd 86 4,44,479 1,481 Shyam Metalics & Energy Ltd 369 94,240 4,447 Orchid Pharma Ltd 917 37,416 1,000

IDFC First Bank Ltd 54 3,36,410 1,834 Manappuram Finance Ltd 169 1,42,866 6,048 BEML Ltd 1,336 55,650 369

Piramal Enterprises Ltd 2,394 5,39,871 28 Mahindra Cie Automotive Ltd 238 90,134 4,203 KEI Industries Ltd 693 62,310 583

Bharat Electronics Ltd 178 4,33,714 338 Canara Bank Ltd 152 2,50,057 4,015 Ion Exchange India Ltd 2,263 33,184 150

ABB India Ltd 1,806 3,82,717 30 PVR Ltd 1,335 81,114 355 Heidelberg Cement India Ltd 253 57,254 1,185

Interglobe Aviation Ltd 1,720 6,62,141 27 Ratnamani Metals & Tubes Ltd 2,054 95,970 224 Allcargo Logistics Ltd 160 39,238 1,700

HDFC Asset Management Co Ltd 2,917 6,21,521 15 Finolex Cables Ltd 519 79,314 583 Heritage Foods Ltd 431 20,009 454

Tata Motors Ltd 155 12,06,279 230 Gujarat State Petronet Ltd 333 1,87,939 864 Inox Wind Energy Ltd 354 3,892 490

Pidilite Industries Ltd 2,154 10,94,486 15 Indian Hotels Co Ltd 141 1,68,042 1,771 VIP Industries Ltd 401 56,605 416

IDBI Bank Ltd 38 4,07,516 732 Zydus Wellness Ltd 2,105 1,33,974 100 Care Ratings Ltd 707 20,814 184

Vedanta Ltd 263 9,76,693 102 Cholamandalam Finl Hldgs Ltd 665 1,24,745 234 Equitas Small Finance Bank Ltd 59 67,337 2,050

KRChoksey Research has coverage on the highlighted cells

Source: FactSet & KRChoksey Research Stock Price and Mkt. Cap data is as of 30th June 2021 Increased Positions by AMC. – June’21

Mkt. Cap. INR 2,75,000 Mn & above In Mn In '000 Between INR 75,000 - 2,75,000 Mn n Mn In '000 Below INR 75,000 Mn In Mn In '000 Large Cap Price Mkt.Cap Shares Mid Cap Price Mkt. Cap Shares Small Cap Price Mkt.Cap Shares

HDFC Bank Ltd 1,498 82,79,302 11,560 Crompton Greaves Consumer Ltd 434 2,72,691 16,768 Zensar Technologies Ltd 311 70,259 8,057

ICICI Bank Ltd 631 43,68,607 27,032 ZEE Entertainment Ltd 215 2,06,175 23,513 Brigade Enterprises Ltd 281 64,442 8,596

Reliance Industries Ltd 2,111 1,33,81,929 7,856 Cummins India Ltd 900 2,49,397 3,225 JK Lakshmi Cement Ltd 577 67,913 3,179

ITC Ltd 203 24,95,618 72,204 Federal Bank Ltd 87 1,73,887 32,150 INOX Leisure Ltd 309 37,766 5,323

TVS Motor Co Ltd 620 2,94,673 19,131 V Guard Industries Ltd 265 1,14,021 9,694 PNC Infratech Ltd 289 74,012 3,242

Tata Steel Ltd 1,167 14,02,862 9,995 LIC Housing Finance Ltd 470 2,37,166 4,266 Advanced Enzyme Technology Ltd 415 46,332 1,703

Kotak Mahindra Bank Ltd 1,706 33,82,747 6,742 Birlasoft Ltd 399 1,10,853 4,429 Craftsman Automation Ltd 1,778 37,561 335

State Bank Of India Ltd 419 37,41,644 25,304 Bata India Ltd 1,597 2,05,239 1,094 KEI Industries Ltd 693 62,310 844

Tata Consultancy Services Ltd 3,345 1,23,74,251 3,081 Ipca Laboratories Ltd 2,026 2,56,922 862 Greenply Industries Ltd 200 24,464 2,686

HDFC Life Insurance Co Ltd 686 13,87,997 14,790 Apollo Tyres Ltd 225 1,42,898 7,188 Avanti Feeds Ltd 546 74,336 975

Tech Mahindra Ltd 1,095 10,61,140 8,643 Fortis Healthcare Ltd 243 1,83,795 6,188 VST Industries Ltd 3,609 55,731 127

Shriram Transport Finance Co Ltd 1,342 3,58,351 6,230 Manappuram Finance Ltd 169 1,42,866 8,771 Century Textiles & Industries Ltd 615 68,637 744

SBI Cards & Payment Services Ltd 970 9,12,639 8,601 National Aluminium Co Ltd 78 1,43,900 17,906 CCL Products India Ltd 360 47,890 1,241

Hindalco Industries Ltd 372 8,36,072 20,012 Wabco India Ltd 6,902 1,30,916 196 Cera Sanitaryware Ltd 4,486 58,349 95

Housing Development Fin Ltd 2,474 44,67,876 3,008 Escorts Ltd 1,221 1,64,613 1,102 VIP Industries Ltd 401 56,605 1,002

KRChoksey Research has coverage on the highlighted cells

Source: FactSet & KRChoksey Research Stock Price and Mkt. Cap data is as of 30th June 2021 Decreased Positions by AMC. – June’21

Infosys Ltd 1,581 67,38,136 -18,402 Deepak Nitrite Ltd 1,807 2,46,524 -2,651 Hathway Cable & Datacom Ltd 26 45,757 -36,708

State Bank Of India Ltd 419 37,41,644 -42,675 Atul Ltd 8,973 2,65,471 -419 Gujarat Narmada Valley Ltd 377 58,624 -1,756

Kotak Mahindra Bank Ltd 1,706 33,82,747 -6,744 Persistent Systems Ltd 2,935 2,24,269 -741 Somany Ceramics Ltd 606 37,258 -980

Reliance Industries Ltd 2,111 1,33,81,929 -3,489 Cummins India Ltd 900 2,49,397 -2,265 Gujarat Pipavav Port Ltd 113 54,532 -5,046

Tata Steel Ltd 1,167 14,02,862 -6,155 Sun TV Network Ltd 530 2,08,904 -3,548 KPIT Technologies Ltd 260 71,168 -2,123

Hindustan Unilever Ltd 2,470 58,02,545 -2,858 Mahindra & Mahindra Fin Svcs Ltd 157 1,94,164 -11,771 India Cements Ltd 192 59,500 -2,706

Larsen & Toubro Ltd 1,501 21,08,663 -4,473 Emami Ltd 561 2,49,217 -3,142 DEN Networks Ltd 56 26,820 -8,458

Oil & Natural Gas Corp Ltd 118 14,80,699 -48,219 JK Cement Ltd 2,852 2,20,282 -544 Indiabulls Real Estate Ltd 118 53,559 -3,970

Asian Paints Ltd 2,991 28,68,817 -1,896 Ipca Laboratories Ltd 2,026 2,56,922 -733 VST Industries Ltd 3,609 55,731 -128

Axis Bank Ltd 748 22,93,610 -7,190 Happiest Minds Technologies Ltd 1,007 1,47,862 -1,233 Orient Cement Ltd 137 27,995 -3,318

Bharti Airtel Ltd 525 28,83,589 -10,029 Coforge Ltd 4,157 2,51,891 -292 Equitas Holdings Ltd 94 32,128 -4,193

Power Grid Corp Of India Ltd 232 12,15,298 -22,479 Gujarat State Petronet Ltd 333 1,87,939 -3,553 Orient Electric Ltd 314 66,541 -1,248

Divis Laboratories Ltd 4,406 11,69,615 -1,162 Tata Chemicals Ltd 724 1,84,494 -1,611 Thyrocare Technologies Ltd 1,314 69,453 -280

ICICI Bank Ltd 631 43,68,607 -7,691 Ramco Cements Ltd 1,026 2,42,035 -1,110 Symphony Ltd 1,029 71,958 -338

Dr Reddys Laboratories Ltd 5,420 9,01,681 -886 Birlasoft Ltd 399 1,10,853 -2,811 Bajaj Consumer Care Ltd 285` 42,101 -1,161

KRChoksey Research has coverage on the highlighted cells

Source: FactSet & KRChoksey Research Stock Price and Mkt. Cap data is as of 30th June 2021 Sold Out Positions by AMC. – June’21

Aarti Industries Ltd 872 3,03,708 -2,090 Grindwell Norton Ltd 1,244 1,37,741 -1,050 Nazara Technologies Ltd 1,511 46,001 -268

JSW Energy Ltd 168 2,76,072 -2,631 Aavas Financiers Ltd 2,690 2,11,203 -406 Johnson Controls Ltd 2,232 60,685 -150

Sundaram Finance Ltd 2,675 2,97,214 -109 Coforge Ltd 4,157 2,51,891 -203 Jagran Prakashan Ltd 65 17,146 -4,882

United Breweries Ltd 1,448 3,82,740 -150 ZEE Entertainment Ltd 215 2,06,175 -3,273 Vardhman Special Steels Ltd 233 9,442 -1,336

Petronet Lng Ltd 226 3,38,850 -534 Powergrid Infrastructure Invest Ltd 113 1,02,894 -3,500 Varroc Engineering Ltd 367 56,111 -676

Hindustan Zinc Ltd 339 14,34,285 -260 Dr Lal Pathlabs Ltd 3,272 2,72,729 -103 NRB Bearings Ltd 140 13,598 -1,573

Whirlpool Of India Ltd 2,235 2,83,609 -35 Narayana Hrudayalaya Ltd 492 1,00,474 -530 Nocil Ltd 217 36,028 -745

Marico Ltd 531 6,85,145 -140 Indigo Paints Ltd 2,518 1,19,779 -90 Avanti Feeds Ltd 546 74,336 -246

Power Finance Corp Ltd 129 3,39,911 -477 Happiest Minds Technologies Ltd 1,007 1,47,862 -188 VST Tillers Tractors Ltd 2,007 17,343 -57

Motherson Sumi Systems Ltd 242 7,64,470 -169 Mahindra & Mahindra Fin Svcs Ltd 157 1,94,164 -536 Huhtamaki India Ltd 293 22,135 -381

Hindustan Aeronautics Ltd 1,021 3,41,527 -32 Blue Star Ltd 816 78,573 -103 Deccan Cements Ltd 592 8,297 -185

Container Corp Of India Ltd 699 4,25,653 -42 Crisil Ltd 2,543 1,84,977 -26 Garware Technical Fibres Ltd 3,394 69,974 -28

Bharat Forge Ltd 762 3,54,712 -32 Sun TV Network Ltd 530 2,08,904 -123 Maithan Alloys Ltd 1,014 29,510 -87

Piramal Enterprises Ltd 2,394 5,39,871 -5 Zydus Wellness Ltd 2,105 1,33,974 -23 Rites Ltd 276 66,347 -304

Gujarat Gas Ltd 661 4,54,716 -11 Godrej Agrovet Ltd 633 1,21,635 -74 Ircon International Ltd 49 45,897 -1,310

KRChoksey Research has coverage on the highlighted cells

Source: FactSet & KRChoksey Research Stock Price and Mkt. Cap data is as of 30th June 2021 Disclaimer

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