What fund managers bought and sold in May

Mutual funds made substantial churn to stock holdings amid strong momentum in the stock markets

Mutual funds made substantial churn to their stock holdings amid strong momentum in the stock markets and robust inflows into schemes. An analysis of buying and selling pattern of fund managers for the month of May, show MFs preferring financial companies, with Kotak Mahindra Bank and HDFC emerging as prominent buys. Money managers also indulged in bargain-hunting of pharma stocks, buying into counters such as Sun Pharma, Dr Reddys and Aurobindo Pharma. On the other hand, stocks that saw profit-taking by fund managers include Indian Oil, Rural Electrification Corporation (REC), Godrej Consumer, Maruti Suzuki and Hindustan Unilever. The selling comes