Research Icon:MF shopping list: Top 30 stocks that fund managers bought & sold in June

SIPs continue to be the backbone of mutual funds as inflows via this mode remained above Rs 8,000 crore for a seventh consecutive month despite a mixed performance seen in the Indian indices

Mutual funds increased allocation to private banks, consumer, utilities, technology, NBFCs, retail, metals and PSU bank stocks in June, an ICICIdirect report said. In the same period, the fund managers reduced the allocation to oil & gas, chemicals, autos and cement stocks.

Among large-cap stocks, GAIL, Cadila, Godrej Consumer, Hindustan Zinc and JSW Steel witnessed highest buying during June, as per the report. UPL, Piramal Enterprises, Yes Bank, Indiabulls Housing Finance and Bandhan Bank were the most sold large-cap stocks in the month.

Among mid-cap stocks, Shriram Transport, Hindustan Aeronautics, Emami, Godrej Properties and Glenmark Pharma were the top choice of fund managers in June, while Graphite, GMR Infra, Quess Corp, Apollo Tyres and Godrej Agrovet saw selling.

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