[HM:256293] What Fund Managers Bought: April 13

What Fund Managers Bought:  April 13

It is said that it's wise to follow a wiser. Mutual funds, being the institutional investor are deemed to undertake more informed decisions, as they are headed by highly qualified individuals who have better access to the information and ability to analyze it. So, it would be beneficial to keep an eye on their investment activities.

As required by SEBI, mutual funds report their portfolios of various scheme on monthly basis. One can easily compare the market value of a stock in two monthly portfolio and know how much is the increases/decrease in value. However, it would be more meaningful, if we dissect this increases/decrease in value into two:

1.       On account of price and

2.       On account of Additional investment / selling.

This is because, it is possible that a stock is heavily beaten by the market, however the Fund Manager (FM) whom you trust has actually bought the stock in huge quantity.

For Example:

1.       If anyone checks the holding value of Infosys in HDFC MF's portfolio, he will find it as Rs2,605 crores for March-13 and Rs 2,047 crores for April-13.

2.       So, this fall in market value by Rs 559 crores can be erroneously termed as 'HDFC MF sold 559 crores of Infosys in April-13'.

3.       However, as Infosys stock price fell by 22.7%, so even if there was no buying / selling by HDFC FMs, Infosys's value would have been Rs 2,014 crores. In other words, a fall in value to the tune of Rs 591 crores was on account of price.

4.       However, the actual fall is limited to just Rs 559 crores, which means that HDFC MF actually bought Infosys and, its worth on April-13 end price is Rs 32 crores, which is HDFC MF's 7th largest investment for the month.

Click here for the details of Stock Bought & Sold by Top 10 AMC.

 

Other useful links:

1.Promoters Pledge Analysis: Mar-13

2.On-going Results Season 4QFY13 (updated on daily basis)

3. Excel Financial Model and Graphical summary of a company

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