Fund manager buying activities can provide valuable inputs for stock picking. It is likely that a fund manager has a better idea about the company than the average investor. We look through what fund managers at the country's top 3 fund houses bought in February.
UPL, Hexaware Technologies and Titagarh Wagons were the top 3 stocks picked by the country's largest fund house, HDFC Mutual Fund during February 2015 under its various schemes. In addition, it has purchased shares of Den Networks, Gujarat Gas, Unichem and Chennai Petroleum Corporation.
On the other hand, ICICI Prudential Mutual Fund, the second biggest fund house, has bought Indian Hotels, Adani Power and Deepak Fertilisers during February 2015. It also purchased shares of Shree Cement and Indiabulls Housing Finance.
Meanwhile, the third largest fund house, Reliance Mutual Fund picked Mangalore Refinery & Petrochemical, Future Lifestyle Fashions, eClerx Services and BF Investment in February.
| HDFC Mutual Fund |
| Company Name | Feb'15 (No. of Shares) |
| U P L | 6,093,150 |
| Hexaware Technologies | 4,460,000 |
| Titagarh Wagons | 1,077,999 |
| Den Networks | 438,000 |
| Gujarat Gas Company | 300,000 |
| Unichem Laboratories | 175,000 |
| Chennai Petroleum Corporation | 165,000 |
| |
| ICICI Prudential Mutual Fund |
| Company Name | Feb'15 (No. of Shares) |
| Indian Hotels Company | 500,000 |
| Adani Power | 248,000 |
| Deepak Fertilisers | 119,504 |
| Shree Cement | 43,594 |
| Indiabulls Housing Finance | 21,000 |
| |
| Reliance Mutual Fund |
| Company Name | Feb'15 (No. of Shares) |
| MRPL | 3,333,500 |
| Future Lifestyle Fashions | 3,218,000 |
| eClerx Services | 918,000 |
| BF Investment | 274,663 |
