Top 5 Large-Cap Stocks Fund Managers Bought in November

Mutual funds have been increasing their stakes in recent months, placing their bets on the country’s long-term growth potential. Some of the large-cap stocks that fund managers have bought include Bajaj Finance Limited, Kotak Mahindra Bank Limited, ICICI Bank Limited, Reliance Industries Limited, and ITC Limited, which collectively saw inflows exceeding Rs 11,795.73 crore. Notably, Bajaj Finance attracted the highest buying interest with an inflow of Rs 4,909.21 crore.

Here are five stocks that witnessed substantial buying interest from fund managers: 

Bajaj Finance Limited: Engaged primarily in lending, Bajaj Finance maintains a diversified lending portfolio across retail, SME, and commercial customers, with a significant presence in both urban and rural India. It also offers various financial services products and accepts public and corporate deposits. In November, Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) increased their stake in the company to 13.65% and 21.31%, respectively.

Kotak Mahindra Bank: A diversified financial services group offering a wide range of banking and financial services, including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory Services, Asset Management, Life Insurance, and General Insurance. Mutual funds purchased shares worth Rs 2348.25 crore, drawn by its growth potential and improving operating metrics.

ICICI Bank Limited: One of India’s major private sector banks, ICICI Bank offers a diverse portfolio of financial products and services to retail, SME, and corporate customers. With an extensive network of branches, ATMs, and touch-points, mutual funds bought shares worth Rs 1883.46 crore, increasing the total institutional holdings in the company to 89.66%.

Reliance Industries Limited: A significant player in India’s private sector, Reliance Industries has diversified interests encompassing petrochemicals, oil refining, and upstream oil and gas exploration and production. RIL has expanded into the consumer-facing business with retail and digital services, currently serving as its principal growth drivers. Mutual funds purchased shares worth Rs 1712.62 crore, elevating the total institutional holdings in the company to 38.59%.

ITC Limited: The largest cigarette manufacturer and seller in the country, ITC operates across five business segments: FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri-Business. Mutual funds acquired shares worth Rs 942.18 crore in the company.

These stocks offer investors a blend of strong financials, growth potential, and established market positions, making them attractive investment options.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.