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 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 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, Indian Oil Corporation) 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 | Tata Power | NTPC Non-Energy Minerals, -5,099 Vedanta | Grasim | Ultratech Cement | Ambuja Cements Commercial Services, -6,102 Info Edge | Teamlease | ICRA | Oracle Finance, -6,344 HDFC Bank | SBI | Bajaj Finance | HDFC Retail Trade, -7,405 Avenue Supermarts | Aditya Birla (Pantallons) | Trent | Dixon Health Technology, -9,683 Divis | Sun Pharma | Cipla | Aurobindo Producer Manufacturing, -13,805 Astal Poly | Eicher Motors | Endurance | Motherson Sumi Process Industries, -16,444 Pi Industries | Asian Paints | Grindwell | Tata Chemicals Consumer Durables, -18,136 Maruti Suzuki | 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 | Coal India Energy Minerals, 18,971 Bharti Airtel | Tata Communications | Railtel Corp Communications, 14,142 TCS | Infosys | HCL Tech | Wipro Technology Services, 7,358 Tata Motors | Bajaj Auto | M&M | Maruti Suzuki Consumer Durables, 7,184 Varroc | Adani Enterprises | Aegis Logistics | MMTC Distribution Services, 3,498 Max Healthcare | Apollo Hospital | Fortis HealthCare | Thyrocare Health Services, 2,902 L&T | Voltas | 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 Oberoi Realty 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 Coforge (Niit) Ltd 2,929 1,77,479 66 Welspun Corp 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 Hospitals 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 Bharat Petroleum 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 Hathway Cable & Datacom Ltd 26 45,403 77,174 Tata Consultancy Services Ltd 3,178 1,17,54,106 5,104 City Union Bank 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 Ipca Laboratories 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 Cummins 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 Bank Of India 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 Torrent Power 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.