Zomato, Nykaa, Adani Ent among top largecap stocks that mutual funds bought in April: Check out full list here

It was the category of large cap funds that took the biggest beating. Inflows into large cap funds plunged to a meager 53 crore during the month from 911 crore in March.

Among large caps, Zomato, Nykaa, Adani Enterprises, Cipla, among others wer the top stocks that witnessed mutual funds’s buying, while Wipro, Hero, Dr Reddy’s, among others witnessed selling.

Meanwhile, the Indian equity market underperformed global peers in the first three months of 2023. However, domestic markets recovered in April led by the return of foreign capital inflows and improved prospects of the Indian economy amid easing domestic inflation and macro conditions.

Here are the top 10 large cap stocks that mutual funds bought the most in the month of April, as per ICICI Direct report.

Source: ICICI Direct

View Full Image

Source: ICICI Direct


Hindustan Zinc: Mutual funds bought around 40 lakh shares of Hindustan Zinc worth 125 crore in April as compared to around 24 lakh shares worth 69 crore bought in March.

FSN E-Commerce Ventures Ltd: The shares of FSN E-Commerce Ventures, the parent company of Nykaa – the e-retailer of beauty and personal care solutions – were also on the radar of the fund houses in April. Mutual funds bought 20.37 crore Nykaa shares worth 2,498 crore as against 14.96 shares worth 1,859 crore bought in March.

Adani Enterprises: Around 11.7 lakh shares of Adani Enterprises were bought by mutual funds for 2,243 crore in April. This is as against around 98 lakh shares bought for 1,707 crore in the previous month.

Zomato: Fund houses bought Zomato shares worth 4,043 crore in April as compared to 2,820 crore-worth shares bought in March.

Indus Towers: Mutual funds bought Indus Towers shares worth 203 crore in April as against shares worth 168 crore bought, MoM.

Berger Paints India: The total buying of mutual funds in Berger Paints India shares stood at 675 crore in April versus 592 crore in March.

Godrej Consumer Products: The company received mutual funds inflow of 3,915 crore, up from 3,851 crore, MoM.

Cipla Ltd: Mutual funds purchased 12.71 crore shares of drugmaker Cipla worth 11,540 crore as against 12.08 crore shares worth 10,876 crore purchased in March.

Siemens Ltd: AMCs bought Siemens shares worth 4,246 during the month against 3,904 crore in the previous month.

Samvardhana Motherson International: Mutual fund houses purchased the company’s shares worth 5,982 crore as against 5,218 worth shares, MoM.

Catch Live Market Updates here

On the other hand, as per the ICICI Direct report, these are the top 10 large cap stocks that mutual funds sold the most during the month of April:

Source: ICICI Direct

View Full Image

Source: ICICI Direct


Vedanta Ltd: Mutual fund houses sold 1.37 crore Vedanta shares aggregating up to 383 crore in April as compared to around 2.03 crore shares worth 558 crore sold in March.

Adani Total Gas: Shares of Adani Total Gas witnessed mutual funds selling worth 97 crore in April as against 115 crore in March.

HDFC Life Insurance Company: Fund houses sold HDFC Life Insurance Company’s shares aggregating to 4,126 crore during the month. This is down from 4,434 crore worth of shares sold in March

SRF: Fund houses sold SRF shares worth 5,717 crore as against 5,955 crore, MoM.

Life Insurance Corporation of India: The shares of state-run insurance behemoth also witnessed mutual fund outflow in April. Mutual funds sold around 3.7 crore LIC shares worth 2,034 crore during the month. This comes after they sold 3.97 crore LIC shares worth 2,121 crore in March.

Eicher Motors: In April, AMCs sold Eicher Motors shares aggregating to 6,023 crore as against 5,722 crore, MoM.

Wipro: Shares of IT major Wipro also saw mutual fund selling. They sold Wipro 14.60 crore shares worth 5,620 crore in April.

JSW Steel: Mutual funds sold JSW Steel shares worth 2,942 crore during the month.

Hero MotoCorp: Around 2.34 crore shares aggregating to 5,984 crore of Hero MotoCorp were sold by mutual funds in April. This is against 2.45 crore shares worth 5,746 crore sold in the previous month.

Dr Reddy’s Laboratories: Fund houses sold Dr Reddy’s shares worth 7,771 crore in April.


Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.

Take the test

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.