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INSTIPRO Holding Movement of Top AMC For March 2021

April 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 . 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 Pru 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-31st March’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 ~70% of the overall AMC’s AUM. The data list of Note: Position movements are not net-off on overall activity. AMC excludes insurance companies and pension funds.

Source: FactSet & KRChoksey Research Performance Analysis – By Sector – March’21 - Decreased & Sold-Out Positions

In a trend reversal from preceding months, March 21 experienced net inflows into equity mutual funds. Utilities (Gail, NTPC, ONGC, ) along with metal companies (Vedanta, Hindalco) remained some of the top large cap counters which were sold by MFs during March 21 Focus Sectors Top focus companies – Decreased/Sold-Out Positions

Figures in INR Mn Transportation, -140 Interglobe Aviation | Container Corp |Adani Port | VRL Logistics Note: The value is based on the combined price (average) for all securities bought/sold during Mar’21. Electronic Technology, -158 Honeywell | BEL | HAL | Astra

Utilities, -4,288 GAIL | Power Grid | | NTPC

Non-Energy Minerals, -5,099 Vedanta | Grasim | Ultratech Cement |

Commercial Services, -6,102 | Teamlease | ICRA | Oracle

Finance, -6,344 HDFC Bank | SBI | | HDFC Retail Trade, -7,405 Avenue Supermarts | Aditya Birla (Pantallons) | | Dixon

Health Technology, -9,683 Divis | | | Aurobindo

Producer Manufacturing, -13,805 Astal Poly | | Endurance | Motherson Sumi

Process Industries, -16,444 Pi Industries | | Grindwell |

Consumer Durables, -18,136 | M&M | Titan | Crompton Greaves

Consumer Non-Durables, -21,514 HUL | ITC | Tata Consumer | Pi Industries

Source: FactSet & KRChoksey Research Performance Analysis – By Sector – March’21 – Increased & New Positions

MFs increased allocation to sectors in IT, Healthcare, Chemicals and Cement on a month on month basis; whereas Banks (mainly PSU) along with oil & gas, utilities and capital goods saw decrease in weightages on a month-on-month basis in March 21.

Top focus companies – Increased/New Positions Focus Sectors – Overall Movement Figures in INR Mn BPCL | ONGC | RIL | Energy Minerals, 18,971

Bharti Airtel | | Railtel Corp Communications, 14,142

TCS | | HCL Tech | Technology Services, 7,358

Tata Motors | | M&M | Maruti Suzuki Consumer Durables, 7,184

Varroc | Adani Enterprises | Aegis Logistics | MMTC Distribution Services, 3,498

Max Healthcare | Apollo | | Thyrocare Health Services, 2,902

L&T | | Indraprastha | Petronet Industrial Services, 388

Note: The value is based on the combined price (average) for all securities bought/sold during March’21.

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

MFs bought strongly in select mid-caps and small-caps during the March 21 including names such as Max Healthcare Institute, Wabco India, and MTAR Technologies where SBI MF, HDFC AMC and ICICI Prudential AMC added positions during month of March 21.

Increased (INR Mn) Decreased (INR Mn) Total Companies: 586 Total Companies: 496 Mid Cap, Large Cap, 1,00,549 Large Cap, 3,68,879 Mid Cap, No of Co: 149 4,04,524 No of Co: 149 39,905 No of Co: 164 No of Co: 146 Small Cap, Small Cap, 22,973 26,850 No of Co: 273 No of Co: 201

New Position (INR Mn) Mid Cap, Sold Out (INR Mn) Total Companies: 110 26,180 Total Companies: 100 Small Cap, No of Co: 33 3,283 No of Co: 53

Small Cap, Mid Cap, 15,974 Large Cap, 2,489 Large Cap, No of Co: 39 13,436 No of Co: 28 2,103 No of Co: 38 No of Co: 19

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

Source: FactSet & KRChoksey Research New Positions - Top Picks by AMC. – March’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 Tata Communications Ltd 1,063 3,02,827 8,208 Wabco India Ltd 6,588 1,24,958 1,892 Mtar Technologies Ltd 1,024 31,495 2,928

Au Small Finance Bank Ltd 1,226 3,82,852 731 Max Healthcare Institute Ltd 206 1,99,033 43,589 Varroc Engineering Ltd 365 55,714 7,121

Sbi Cards & Payment Services Ltd 929 8,74,077 950 Fortis Healthcare Ltd 199 1,50,237 7,737 Craftsman Automation Ltd 1,418 29,957 1,293

Grasim Industries Ltd 1,452 9,55,411 325 L&T Finance Holdings Ltd 96 2,36,449 5,221 Nazara Technologies Ltd 1,465 44,612 1,165

Yes Bank Ltd 16 3,90,857 26,295 Granules India Ltd 303 75,120 1,318 Suryoday Small Finan Bank Ltd 274 29,059 5,522

Bank Of Baroda Ltd 74 3,83,456 3,766 Cesc Ltd 593 78,606 603 Easy Trip Planners Ltd 210 22,767 6,188

Godrej Properties Ltd 1,408 3,91,441 190 Ltd 575 2,09,217 537 Laxmi Organic Industries Ltd 174 45,943 7,210

Adani Enterprises (Exports) Ltd 1,031 11,33,739 254 Jsw Energy Ltd 88 1,44,483 2,538 Kalyan Jewellers India Ltd 68 70,147 9,715

Indus Towers (Bharti) Ltd 245 6,61,068 966 Rec (Rural Electrification) Ltd 131 2,59,208 1,614 Anupam Rasayan India Ltd 490 49,007 1,332

Colgate Palmolive (India) Ltd 1,560 4,24,189 119 (Niit) Ltd 2,929 1,77,479 66 Ltd 139 36,302 2,560

Tata Power Co Ltd 103 3,29,759 1,026 Crisil Ltd 1,836 1,33,454 101 Den Networks Ltd 49 23,503 6,000

Mrf Ltd 82,219 3,48,701 1 Tata Elxsi Ltd 2,693 1,67,735 51 Kpit Technologies Ltd 177 48,523 1,435

Apollo Enterprise Ltd 2,903 4,17,392 25 National Aluminium Co Ltd 54 99,178 2,346 Repco Home Finance Ltd 337 21,080 445

Nmdc Ltd 135 3,96,364 409 Cg Power & Indl Sol Ltd 67 89,445 1,253 Ksb (Pumps) Ltd 895 31,165 112

Jindal Steel & Power Ltd 344 3,50,733 160 Chambal Fertilisers & Ltd 229 95,221 300 Orient Refractories Ltd 227 27,236 225

Highlighted cells are covered by KRChoksey Research

Source: FactSet & KRChoksey Research For reference Stock Price and Mkt. Cap data is as of 31st March 2021 Increased - Top Picks by AMC. – March’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 Corp Ltd 428 9,28,332 63,987 Aia Engineering Ltd 2,048 1,93,163 1,504 Varroc Engineering Ltd 365 55,714 5,748

Axis Bank Ltd 698 21,36,709 27,598 Zee Entertainment (Telefilms) Ltd 203 1,95,126 13,245 Cable & Datacom Ltd 26 45,403 77,174

Tata Consultancy Services Ltd 3,178 1,17,54,106 5,104 Ltd 156 1,15,182 12,181 Vip Industries Ltd 354 50,055 3,352

Bharti Airtel (Tele Ventures) Ltd 517 28,41,026 27,337 Ltd 1,903 2,41,329 944 Techno Electric & Enginee Ltd 306 33,655 2,965

Bank Of Baroda Ltd 74 3,83,456 1,77,745 Crompton Greaves Consumer Ltd 394 2,46,997 3,140 Birla Corp Ltd 950 73,190 835

Sbi Life Insurance Co Ltd 881 8,80,562 13,857 National Aluminium Co Ltd 54 99,178 21,639 Pnc Infratech Ltd 257 66,033 3,010

Infosys (Infosys Tech) Ltd 1,368 58,27,519 8,911 India Ltd 920 2,54,913 1,200 Angel Broking Ltd 291 23,820 2,646

Tata Steel Ltd 812 9,30,413 13,315 Bata India Ltd 1,405 1,80,536 737 Advanced Enzyme Techno Ltd 345 38,530 1,969

Oil & Natural Gas Corp Ltd 102 12,85,076 98,542 Coforge (Niit) Ltd 2,929 1,77,479 348 Sterling & Wilson Solar Ltd 258 41,309 2,577

Sbi Cards & Payment Services Ltd 929 8,74,077 9,901 Tata Chemicals Ltd 751 1,91,386 1,350 Just Dial Ltd 862 53,361 732

State Ltd 364 32,51,683 24,428 Persistent Systems Ltd 1,919 1,46,640 521 Mtar Technologies Ltd 1,024 31,495 543

Hdfc Bank Ltd 1,494 82,33,607 5,776 Ltd 424 2,03,661 2,260 Bajaj Consumer Care Ltd 260 38,346 2,037

Dr Reddys Laboratories Ltd 4,516 7,50,908 1,822 Sun Tv Network Ltd 470 1,85,259 1,913 Equitas Small Finance Bank Ltd 60 68,400 8,448

Power Grid Corp Of India Ltd 216 11,28,192 37,044 Polycab India Ltd 1,380 2,05,797 639 Jk Lakshmi Cement Ltd 433 50,892 1,138

Kotak Mahindra Bank Ltd 1,754 34,75,764 4,406 Wabco India Ltd 6,588 1,24,958 133 Greenpanel Industries Ltd 160 19,627 2,988

Highlighted cells are covered by KRChoksey Research

Source: FactSet & KRChoksey Research For reference Stock Price and Mkt. Cap data is as of 31st March 2021 Decreased - Top Picks by AMC. – March’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 Hdfc Bank Ltd 1,494 82,33,607 -9,314 Dr Lal Pathlabs Ltd 2,707 2,25,652 -1,797 Teamlease Services Ltd 3,763 64,341 -404

Reliance Industries Ltd 2,003 1,26,99,170 -6,670 Crompton Greaves Consumer Ltd 394 2,46,997 -8,727 Just Dial Ltd 862 53,361 -1,633

Hindustan Unilever Ltd 2,431 57,11,330 -5,300 Indiamart Intermesh Ltd 7,733 2,34,789 -433 Cera Sanitaryware Ltd 3,904 50,779 -338

Infosys (Infosys Tech) Ltd 1,368 58,27,519 -9,055 Endurance Technologies Ltd 1,453 2,04,432 -2,234 Epl (Essel Propack) Ltd 236 74,363 -4,707

State Bank Of India Ltd 364 32,51,683 -33,367 Ipca Laboratories Ltd 1,903 2,41,329 -1,505 Techno Electric & Engineer Ltd 306 33,655 -3,398

Bajaj Finance Ltd 5,149 31,02,662 -2,333 Grindwell Norton Ltd 952 1,05,450 -2,886 Rossari Biotech Ltd 1,038 53,882 -870

Vedanta (Sesa Sterlite) Ltd 229 8,49,937 -50,793 Ltd 1,793 1,55,173 -1,528 Pnc Infratech Ltd 257 66,033 -3,498

Housing Development Fin Ltd 2,499 45,07,972 -4,514 Tata Chemicals Ltd 751 1,91,386 -3,608 Railtel Corp Of India Ltd 127 40,695 -6,509

Icici Bank Ltd 581 40,19,818 -19,222 Schaeffler India Ltd 5,411 1,69,142 -472 Healthcare Global Enter Ltd 191 23,950 -3,937

Axis Bank Ltd 698 21,36,709 -14,973 Aavas Financiers Ltd 2,419 1,89,895 -1,020 Beml Ltd 1,255 52,278 -571

Maruti Suzuki India Ltd 6,860 20,72,194 -1,514 Amara Raja Batteries Ltd 854 1,45,788 -2,610 Engineers India Ltd 77 43,305 -8,723

Kotak Mahindra Bank Ltd 1,754 34,75,764 -4,766 Metropolis Healthcare Ltd 2,241 1,14,555 -947 Westlife Development Ltd 459 71,541 -1,392

Divis Laboratories Ltd 3,630 9,63,664 -2,283 Syngene International Ltd 543 2,17,340 -3,704 La Opala Rg Ltd 222 24,598 -2,584

Bharti Airtel (Tele Ventures) Ltd 517 28,41,026 -15,671 Cummins India Ltd 920 2,54,913 -2,127 Birla Corp Ltd 950 73,190 -543

Larsen & Toubro Infotech Ltd 4,048 7,07,390 -1,904 Torrent Power Ltd 424 2,03,661 -4,426 Pvr Ltd 1,224 74,368 -403

Highlighted cells are covered by KRChoksey Research

Source: FactSet & KRChoksey Research For reference Stock Price and Mkt. Cap data is as of 31st March 2021 Sold Out - Top Picks by AMC. – March’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 Vedanta (Sesa Sterlite) Ltd 229 8,49,937 -5,245 Sumitomo Chemical India Ltd 291 1,45,152 -1,480 Icra Ltd 3,284 31,695 -278

Bajaj Hldgs & Inv (Bajaj Auto) Ltd 3,292 3,66,417 -30 Aditya Birla Fashi (Pantaloons) Ltd 201 1,70,584 -1,857 Newsprint Ltd 146 10,129 -1,861

Page Industries Ltd 30,336 3,38,366 -2 (Cellular) Ltd 9 2,65,802 -39,158 Isgec Heavy Eng Ltd 500 36,765 -428

Bharat Forge Ltd 596 2,77,508 -93 Phoenix Mills Ltd 782 1,34,439 -264 Nava Bharat Ventures Ltd 70 12,265 -2,941

Interglobe Aviation Ltd 1,635 6,29,233 -28 Glaxosmithkline Pharma Ltd 1,440 2,44,012 -129 Ifgl Refractories Ltd 316 11,401 -611

Adani Enterprises (Exports) Ltd 1,031 11,33,739 -36 Multi Commodity Exchange Ltd 1,513 77,140 -110 Camlin Fine Sciences Ltd 140 17,824 -1,185

Tvs Motor Co Ltd 585 2,77,973 -53 Syngene International Ltd 543 2,17,340 -297 Shaily Engineering Plastics Ltd 1,007 8,377 -158

General Insurance Corp Of India Ltd 200 3,50,091 -65 Alkyl Amines Chemicals Ltd 5,690 1,16,158 -20 Lg Balakrishnan & Bros Ltd 306 9,598 -498

Hindustan Zinc Ltd 273 11,52,667 -43 Icici Securities Ltd 382 1,22,944 -228 Angel Broking Ltd 291 23,820 -420

Indraprastha Gas Ltd 511 3,57,560 -19 Ltd 1,167 1,15,293 -67 Chemcon Speciality Ltd 408 14,927 -281

Oracle Financial Serv (I Flex) Ltd 3,199 2,75,313 -2 Astrazeneca Pharma India Ltd 3,010 75,255 -21 Rossari Biotech Ltd 1,038 53,882 -110

Bank Of Baroda Ltd 74 3,83,456 -69 Cummins India Ltd 920 2,54,913 -52 Plastiblends India Ltd 229 5,946 -432

Au Small Finance Bank Ltd 1,226 3,82,852 -3 Torrent Power Ltd 424 2,03,661 -99 Mrs Bectors Food Ltd 336 19,745 -205

Container Corp Of India Ltd 597 3,63,901 -5 Nbcc India Ltd 47 83,880 -769 V2 Retail (Vishal Retail) Ltd 126 4,292 -421

Power Finance Corp Ltd 114 3,00,045 -18 Narayana Hrudayalaya Ltd 406 82,991 -79 State Fertilizers Ltd 81 32,396 -489

Highlighted cells are covered by KRChoksey Research

Source: FactSet & KRChoksey Research For reference Stock Price and Mkt. Cap data is as of 31st March 2021 Disclaimer

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