It is true that Indian Mutual Fund industry is very small compared to Insurance and FIIs. However, it is one of the best regulated and somewhat directly under SEBI [Can you believe HDFC was sending their top Agents on a Foreign Trip and SEBI asked if the Agents have disclosed this to their Clients ?] We strongly advise to stick to Mutual Fund Products rather than ULIPS / Insurance Related Equity Products.
Here is how the Top Fund Managers of top 5 Mutual Fund Houses Have Bought or Sold in Jan-2010.
Reliance Mutual Fund – Adani Power was the FRESH and Top BUY. While, they exited positions in Marico, Bajaj Hindustan, Kesoram industries and Indian Bank. Comprehensive data here.
HDFC Mutual Fund – After 3 years, the AMC has bought Real Estate Stock – Brigade Enterprises, a FRESH Buy in Jan-10. They booked profits in Bank of Baroda, TCS, Exide and Dish TV. Comprehensive Data here.
SBI Mutual Fund – SBI fund managers heavily bought Usha Martin and exited NIIT and IndiaBulls Power [why did they ever invest in IndiaBulls Power ? ] More data here.
ICICI Prudential AMC – increased exposure to defensive Hindustan Unilever, Cairn India and Airtel while they sold NHPC, NTPC and completely exited out of Bajaj Hindustan. More data here.
Franklin Templeton AMC – fresh and heavy exposure to Usha Martin. Booked Profits in Hindalco, Indian Hotels and exited NHPC and GCI Solutions. Complete data here
We are reviewing the Funds that one can invest VIA SIP. Its been a while now to reshuffle if some of it is under performing the benchmark 🙂