MUTUAL FUNDS 29 Sep 2016

RETAIL RESEARCH
Changes in shareholding in listed companies by MF Industry during June 16 Quarter

An analysis of changes in shareholding in listed companies by MF Industry during June16 Quarter:

I. The following table displays the top 20 stocks in which all equity mutual schemes (including diversified, sector, ELSS, hybrid, MIP, etc) have hiked their shareholding from the
secondary market (% of equity in the investee company) by a significant percentage.

This denotes added fancy among the fund managers to hike their stake (either individually or cumulatively) in these companies.

% of holding by the MF
% of holding by the MF
Change in MF Holding industry on the overall Held By no of AMC that
As on June 2016 As on Mar 2016 industry in the Equity Capital
(no of Shares) equity investment by the Schemes held
of the company
Company Long Name Mutual fund maximum
MF Holding MF Holding Share as of
BSE price BSE price Jun- Mar- Jun- Mar- Mar-
(no of (no of In number In % Difference Difference Jun-16 Jun '16
(Rs) (Rs) 16 16 16 16 16
Shares) Shares)
Castrol India Ltd 3,36,32,174 379 77,62,444 375 2,58,69,730 333.27 6.80 1.57 5.23 0.28 0.07 0.21 122 47 ICICI
Ipca Laboratories Ltd 2,52,90,862 487 2,08,18,774 580 44,72,088 21.48 20.04 16.50 3.54 0.27 0.29 -0.02 66 71 ICICI
Repco Home Finance Ltd 1,38,36,437 769 1,17,58,746 580 20,77,691 17.67 22.12 18.80 3.32 0.23 0.17 0.07 96 87 FRANKLIN
United Breweries Ltd 1,60,55,892 751 74,64,021 824 85,91,871 115.11 6.07 2.82 3.25 0.26 0.15 0.11 102 58 FRANKLIN
Jubilant Foodworks Ltd 78,32,791 1,137 58,51,089 1,273 19,81,702 33.87 11.90 8.89 3.01 0.19 0.18 0.01 61 53 RELIANCE
Deccan Cements Ltd 5,75,698 1,006 3,69,797 576 2,05,901 55.68 8.22 5.28 2.94 0.01 0.01 0.01 7 2 UTI
Ashoka Buildcon Ltd 3,96,42,068 158 3,43,17,281 170 53,24,787 15.52 21.18 18.34 2.85 0.14 0.14 -0.01 72 76 ICICI
Cera Sanitaryware Ltd 9,52,824 2,375 6,04,105 1,840 3,48,719 57.72 7.33 4.65 2.68 0.05 0.03 0.02 19 12 DSP BR
Geometric Ltd 16,25,707 221 587 205 16,25,120 276851.79 2.49 0.00 2.49 0.01 0.00 0.01 10 UTI
Healthcare Global Enterprises Ltd 64,04,547 183 43,41,761 179 20,62,786 47.51 7.53 5.10 2.42 0.03 0.02 0.01 21 22 SUNDARAM
KEI Industries Ltd 1,40,17,157 112 1,21,84,341 98 18,32,816 15.04 18.02 15.66 2.36 0.03 0.03 0.01 16 13 IDFC
Dhunseri Tea & Industries Ltd 1,66,782 308 4,192 245 1,62,590 3878.58 2.38 0.06 2.32 0.00 0.00 0.00 2 L&T
Max Financial Services Ltd 4,46,23,851 534 3,88,34,715 345 57,89,136 14.91 16.71 14.54 2.17 0.52 0.32 0.19 77 60 RELIANCE
DCB Bank Ltd 5,07,42,904 97 4,52,07,403 79 55,35,501 12.24 17.82 15.88 1.94 0.11 0.09 0.02 64 56 AXIS
Greenply Industries Ltd 1,62,13,080 254 1,39,78,596 174 22,34,484 15.99 13.22 11.40 1.82 0.09 0.06 0.03 22 14 HDFC
Mahindra Holidays & Resorts 60,14,721 411 44,08,680 387 16,06,041 36.43 6.77 4.97 1.81 0.05 0.04 0.01 22 20 AXIS
Finolex Cables Ltd 2,82,00,740 363 2,53,45,071 280 28,55,669 11.27 17.74 15.95 1.80 0.22 0.17 0.05 49 40 FRANKLIN
J B Chemicals & Pharma 35,74,315 250 20,99,138 249 14,75,177 70.28 4.21 2.48 1.74 0.02 0.01 0.01 5 3 DSP BR
Bata India Ltd 1,92,68,736 546 1,70,46,528 507 22,22,208 13.04 14.99 13.26 1.73 0.23 0.21 0.02 60 58 ICICI
Majesco Ltd 13,92,270 538 9,96,286 569 3,95,984 39.75 5.99 4.29 1.70 0.02 0.01 0.00 10 8 DSP BR

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II. The following table displays the top 20 stocks in which all equity mutual schemes (including diversified, sectoral, ELSS, hybrid, MIP etc) have reduced their shareholding (% of equity
in the investee company) by a significant percentage.

This denotes that the fund managers are not too excited about these stocks and hence have cut their stake (either individually or cumulatively) in these companies.

% of holding by the MF industry

Change in MF Holding % of holding by the MF industry in
As on June 2016 As on Mar 2016 on the overall equity investment Held By no of Schemes
(no of Shares) the Equity Capital of the company
by the Mutual fund
Company Long Name
MF Holding BSE MF Holding BSE
(no of price (no of price In number In % Jun-16 Mar-16 Difference Jun-16 Mar-16 Difference Jun-16 Mar-16
Shares) (Rs) Shares) (Rs)
MBL Infrastructures Ltd 59,73,739 120 88,60,716 153 -28,86,977 -32.58 14.41 21.38 -6.96 0.02 0.03 -0.02 13 16
Tata Motors-DVR 12,55,16,376 292 15,00,58,687 289 -2,45,42,311 -16.36 24.68 29.51 -4.83 0.80 1.05 -0.25 158 149
Talwalkars Better value Fitness Ltd 9,49,008 224 21,84,323 190 -12,35,315 -56.55 3.20 7.35 -4.16 0.00 0.01 -0.01 6
Jyoti Structures Ltd 1,32,75,688 10 1,69,86,439 11 -37,10,751 -21.85 12.12 15.51 -3.39 0.00 0.00 0.00 6 8
Sanghvi Movers Ltd 89,76,778 273 1,01,23,801 285 -11,47,023 -11.33 20.73 23.38 -2.65 0.05 0.07 -0.02 24 26
Ricoh India Ltd 400 209 10,02,532 422 -10,02,132 -99.96 0.00 2.52 -2.52 0.00 0.01 -0.01 6
Titagarh Wagons Ltd 1,85,35,713 90 2,11,08,989 95 -25,73,276 -12.19 16.06 18.29 -2.23 0.04 0.05 -0.01 9 14
Suprajit Engineering Ltd 82,37,250 200 1,10,17,736 132 -27,80,486 -25.24 6.27 8.39 -2.12 0.04 0.04 0.00 13 17
Astra Microwave Products Ltd 2,77,75,760 123 2,95,78,486 106 -18,02,726 -6.09 32.07 34.16 -2.08 0.07 0.08 0.00 33 36
Cyient Ltd 87,95,207 487 1,09,76,140 425 -21,80,933 -19.87 7.82 9.75 -1.94 0.09 0.11 -0.02 44 48
Usha Martin Ltd 67,26,826 15 1,24,09,976 11 -56,83,150 -45.80 2.21 4.07 -1.87 0.00 0.00 0.00 2 2
Sanofi India Ltd 29,09,517 4,435 33,32,622 4,000 -4,23,105 -12.70 12.63 14.47 -1.84 0.28 0.32 -0.04 76 72
Kaveri Seed Company Ltd 52,62,662 444 63,76,550 376 -11,13,888 -17.47 7.62 9.23 -1.61 0.05 0.06 -0.01 40 56
Vedanta Ltd 7,01,24,577 132 11,69,87,859 90 -4,68,63,282 -40.06 2.37 3.95 -1.58 0.20 0.25 -0.05 102 126
Hexaware Technologies Ltd 1,83,40,453 229 2,29,00,607 268 -45,60,154 -19.91 6.08 7.59 -1.51 0.09 0.15 -0.06 35 41
Tata Motors Ltd 11,56,18,923 459 15,79,60,819 386 -4,23,41,896 -26.81 4.00 5.47 -1.47 1.15 1.48 -0.33 309 337
Vascon Engineers Ltd 47,91,677 33 71,40,658 25 -23,48,981 -32.90 2.97 4.43 -1.46 0.00 0.00 0.00 1 2
Godawari Power & Ispat Ltd 11,83,951 60 16,49,994 54 -4,66,043 -28.25 3.61 5.04 -1.42 0.00 0.00 0.00 3 3
Manpasand Beverages Ltd 69,93,647 553 76,89,369 467 -6,95,722 -9.05 13.96 15.35 -1.39 0.08 0.09 0.00 33 33
Navkar Corporation Ltd 2,13,22,419 216 2,32,92,942 180 -19,70,523 -8.46 14.95 16.33 -1.38 0.10 0.10 0.00 39 39

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III. The following table displays the top 20 stocks in which all equity mutual schemes (including diversified, sectoral, ELSS, hybrid, MIP etc) have hiked their shareholding (in terms of
number of shares) by a significant percentage.

This denotes added fancy among the fund managers to hike their stake (either individually or cumulatively) in these companies.

% of holding by the MF industry on

Change in MF Holding % of holding by the MF industry in
As on June 2016 As on Mar 2016 the overall equity investment by Held By no of Schemes
(no of Shares) the Equity Capital of the company
the Mutual fund
Company Long Name
MF Holding BSE MF Holding BSE
(no of price (no of price In number In % Jun-16 Mar-16 Difference Jun-16 Mar-16 Difference Jun-16 Mar-16
Shares) (Rs) Shares) (Rs)
Geometric Ltd 16,25,707 221 587 205 16,25,120 276852 2.49 0.00 2.49 0.01 0.00 0.01 10
Delta Corp Ltd 15,01,920 96 1,944 66 14,99,976 77159 0.65 0.00 0.65 0.00 0.00 0.00 2 1
Himadri Speciality Chemical Ltd 7,28,000 33 3,000 16 7,25,000 24167 0.17 0.00 0.17 0.00 0.00 0.00 1
TajGVK Hotels & Resorts Ltd 78,117 111 1,345 72 76,772 5708 0.12 0.00 0.12 0.00 0.00 0.00 1
Dhunseri Tea & Industries Ltd 1,66,782 308 4,192 245 1,62,590 3879 2.38 0.06 2.32 0.00 0.00 0.00 2
Lakshmi Vilas Bank Ltd 84,836 99 2,257 81 82,579 3659 0.05 0.00 0.05 0.00 0.00 0.00 2 1
Garware-Wall Ropes Ltd 29,495 392 1,300 337 28,195 2169 0.13 0.01 0.13 0.00 0.00 0.00 1
Dhampur Sugar Mills Ltd 8,27,518 121 42,515 93 7,85,003 1846 1.25 0.06 1.18 0.00 0.00 0.00 9 6
NHPC Ltd 9,31,87,546 25 62,04,586 24 8,69,82,960 1402 0.84 0.06 0.79 0.05 0.00 0.05 21 15
Arshiya Ltd 25,000 25 2,500 29 22,500 900 0.02 0.00 0.01 0.00 0.00 0.00
Godrej Properties Ltd 12,24,604 366 1,46,525 296 10,78,079 736 0.57 0.07 0.50 0.01 0.00 0.01 8 3
Zee Learn Ltd 1,992 28 274 31 1,718 627 0.00 0.00 0.00 0.00 0.00 0.00 1 1
Nava Bharat Ventures Ltd 1,18,203 239 20,571 164 97,632 475 0.07 0.01 0.05 0.00 0.00 0.00 1
OCL India Ltd 96,358 656 17,500 488 78,858 451 0.17 0.03 0.14 0.00 0.00 0.00 2
Reliance Infrastructure Ltd 13,64,105 546 2,83,788 534 10,80,317 381 0.52 0.11 0.41 0.02 0.00 0.01 9 16
Phoenix Lamps Ltd 35,953 140 7,816 98 28,137 360 0.13 0.03 0.10 0.00 0.00 0.00 4 1
Syngene International Ltd 25,08,520 402 5,58,522 384 19,49,998 349 1.25 0.28 0.97 0.02 0.01 0.02 12 8
Castrol India Ltd 3,36,32,174 379 77,62,444 375 2,58,69,730 333 6.80 1.57 5.23 0.28 0.07 0.21 122 47
Machino Plastics Ltd 4,617 138 1,300 143 3,317 255 0.08 0.02 0.05 0.00 0.00 0.00 1
IDBI Bank Ltd 6,48,580 70 1,89,339 70 4,59,241 243 0.03 0.01 0.02 0.00 0.00 0.00 7 7

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IV. The following table displays the top 20 stocks in which all equity mutual schemes (including diversified, sectoral, ELSS, hybrid, MIP etc) have reduced their shareholding (in terms of
number of shares) by a significant percentage.

This denotes that the fund managers are not too excited about these stocks and hence have cut their stake (either individually or cumulatively) in these companies.

% of holding by the MF industry on

Change in MF Holding % of holding by the MF industry in
As on June 2016 As on Mar 2016 the overall equity investment by Held By no of Schemes
(no of Shares) the Equity Capital of the company
the Mutual fund
Company Long Name MF
BSE MF Holding BSE
Holding
price (no of price In number In % Jun-16 Mar-16 Difference Jun-16 Mar-16 Difference Jun-16 Mar-16
(no of
(Rs) Shares) (Rs)
Shares)
Ricoh India Ltd 400 209 10,02,532 422 -10,02,132 -99.96 0.00 2.52 -2.52 0.00 0.01 -0.01 6
GTL Infrastructure Ltd 214 2 25,006 2 -24,792 -99.14 0.00 0.00 0.00 0.00 0.00 0.00
KDDL Ltd 2,900 207 92,900 198 -90,000 -96.88 0.03 0.92 -0.89 0.00 0.00 0.00 2
IL&FS Transportation Networks Ltd 2,25,512 73 36,98,319 72 -34,72,807 -93.90 0.07 1.12 -1.06 0.00 0.01 -0.01 3 7
UCO Bank 3,338 43 53,380 39 -50,042 -93.75 0.00 0.00 0.00 0.00 0.00 0.00 1 2
Vardhman Special Steels Ltd 6,716 75 89,280 53 -82,564 -92.48 0.04 0.48 -0.44 0.00 0.00 0.00 1
Ansal Housing & Construction Ltd 600 29 7,350 20 -6,750 -91.84 0.00 0.01 -0.01 0.00 0.00 0.00
NCL Industries Ltd 7,450 141 60,075 94 -52,625 -87.60 0.02 0.16 -0.14 0.00 0.00 0.00 1
Shipping Corporation of India Ltd 2,81,100 67 22,20,848 65 -19,39,748 -87.34 0.06 0.48 -0.42 0.00 0.00 0.00 3 7
Rama Petrochemicals Ltd 900 7 7,100 9 -6,200 -87.32 0.01 0.07 -0.06 0.00 0.00 0.00
Mastek Ltd 11,600 135 71,600 144 -60,000 -83.80 0.05 0.31 -0.26 0.00 0.00 0.00
Mirza International Ltd 2,38,557 92 12,47,823 97 -10,09,266 -80.88 0.20 1.04 -0.84 0.00 0.00 0.00 1 1
Bharat Gears Ltd 650 82 3,300 63 -2,650 -80.30 0.01 0.04 -0.03 0.00 0.00 0.00
Birla Cable Ltd 100 36 500 31 -400 -80.00 0.00 0.00 0.00 0.00 0.00 0.00
Mafatlal Industries Ltd 2,014 312 9,115 270 -7,101 -77.90 0.01 0.07 -0.05 0.00 0.00 0.00
Indiabulls Real Estate Ltd 19,94,387 93 85,37,429 56 -65,43,042 -76.64 0.39 1.69 -1.29 0.00 0.01 -0.01 4 11
Pacific Industries Ltd 1,140 110 4,490 120 -3,350 -74.61 0.08 0.33 -0.25 0.00 0.00 0.00
Standard Batteries Ltd 2,300 9 9,050 9 -6,750 -74.59 0.04 0.17 -0.13 0.00 0.00 0.00
NOCIL Ltd 11,720 54 45,947 46 -34,227 -74.49 0.01 0.03 -0.02 0.00 0.00 0.00
Dhanlaxmi Bank Ltd 700 23 2,651 20 -1,951 -73.59 0.00 0.00 0.00 0.00 0.00 0.00

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V. The following table displays the top 20 stocks in which all equity mutual schemes (including diversified, sectoral, ELSS, hybrid, MIP etc) have held maximum assets (maximum % in
overall equity AUM) in June 16.

This denotes the fancy among the fund managers to hold their stake maximum (either individually or cumulatively) in these companies.

% of holding by the MF indusrty

Change in MF Holding % of holding by the MF industry in
As on June 2016 As on Mar 2016 on the overall equity investment Held By no of Schemes
(no of Shares) the Equity Capital of the company
by the Mutual fund
Company Long Name
MF Holding BSE MF Holding BSE
(no of price (no of price In number In % Jun-16 Mar-16 Difference Jun-16 Mar-16 Difference Jun-16 Mar-16
Shares) (Rs) Shares) (Rs)
HDFC Bank Ltd 21,94,95,736 1,176 21,16,93,060 1,071 78,02,676 3.69 8.62 8.32 0.31 5.61 5.50 0.11 581 562
Larsen & Toubro Ltd 16,82,13,630 1,496 16,47,48,241 1,216 34,65,389 2.10 18.04 17.67 0.37 5.47 4.86 0.61 401 389
Infosys Ltd 15,07,84,439 1,171 15,23,60,913 1,218 -15,76,474 -1.03 6.56 6.63 -0.07 3.84 4.50 -0.66 476 453
ICICI Bank Ltd 60,89,55,616 240 61,96,26,671 237 -1,06,71,055 -1.72 10.47 10.65 -0.18 3.18 3.55 -0.37 524 532
Axis Bank Ltd 21,78,37,303 533 24,37,44,478 445 -2,59,07,175 -10.63 9.12 10.20 -1.08 2.52 2.63 -0.10 460 466
State Bank of India 48,68,20,381 219 45,77,02,782 194 2,91,17,599 6.36 6.27 5.90 0.38 2.31 2.16 0.16 368 363
Reliance Industries Ltd 9,22,72,418 969 9,27,45,903 1,045 -4,73,485 -0.51 2.85 2.86 -0.01 1.94 2.35 -0.41 343 360
Maruti Suzuki India Ltd 1,83,93,701 4,185 1,83,24,245 3,719 69,456 0.38 6.09 6.07 0.02 1.67 1.65 0.02 373 350
IndusInd Bank Ltd 6,76,04,892 1,111 6,48,15,512 968 27,89,380 4.30 11.33 10.86 0.47 1.63 1.52 0.11 325 318
Sun Pharmaceuticals Industries Ltd 9,01,18,110 764 7,47,07,513 819 1,54,10,597 20.63 3.74 3.10 0.64 1.50 1.48 0.01 377 339
HDFC Ltd 4,96,38,435 1,253 4,42,61,162 1,106 53,77,273 12.15 3.13 2.79 0.34 1.35 1.19 0.16 278 265
Kotak Mahindra Bank Ltd 7,93,51,653 763 7,19,82,493 681 73,69,160 10.24 4.32 3.92 0.40 1.32 1.19 0.13 294 277
Tata Consultancy Services Ltd 2,10,28,598 2,551 2,15,69,947 2,516 -5,41,349 -2.51 1.07 1.09 -0.03 1.17 1.32 -0.15 280 296
Tata Motors Ltd 11,56,18,923 459 15,79,60,819 386 -4,23,41,896 -26.81 4.00 5.47 -1.47 1.15 1.48 -0.33 309 337
HCL Technologies Ltd 7,26,43,118 731 6,14,25,705 814 1,12,17,413 18.26 5.15 4.35 0.80 1.15 1.21 -0.06 344 316
Yes Bank Ltd 4,76,07,290 1,107 4,79,11,475 865 -3,04,185 -0.63 11.29 11.36 -0.07 1.14 1.00 0.14 236 210
ITC Ltd 20,18,47,893 245 21,36,12,643 219 -1,17,64,750 -5.51 1.67 1.76 -0.10 1.08 1.13 -0.06 407 396
Power Grid Corporation of India Ltd 25,71,83,073 163 24,92,58,323 139 79,24,750 3.18 4.92 4.76 0.15 0.91 0.84 0.07 232 208
Divis Laboratories Ltd 3,67,78,152 1,111 3,62,60,382 985 5,17,770 1.43 13.86 13.66 0.20 0.89 0.87 0.02 187 173
Grasim Industries Ltd 86,23,094 4,654 82,77,418 3,841 3,45,676 4.18 9.24 8.87 0.37 0.87 0.77 0.10 214 194

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VI. The following table displays the top 20 stocks in which all equity mutual schemes (whether diversified, sectoral, ELSS, hybrid, MIP etc) have increased their exposure significantly in
terms of % of holding on overall equity AUM in June 16 from Mar 16.

This denotes the fancy among the fund managers to increase their stake (either individually or cumulatively) in these companies.

% of holding by the MF indusrty

Change in MF Holding % of holding by the MF industry in
As on June 2016 As on Mar 2016 on the overall equity investment Held By no of Schemes
(no of Shares) the Equity Capital of the company
by the Mutual fund
Company Long Name
MF Holding BSE MF Holding BSE
(no of price (no of price In number In % Jun-16 Mar-16 Difference Jun-16 Mar-16 Difference Jun-16 Mar-16
Shares) (Rs) Shares) (Rs)
Larsen & Toubro Ltd 16,82,13,630 1,496 16,47,48,241 1,216 34,65,389 2.10 18.04 17.67 0.37 5.47 4.86 0.61 401 389
Mahindra & Mahindra Ltd 2,45,28,945 1,429 1,87,40,002 1,210 57,88,943 30.89 3.95 3.02 0.93 0.76 0.55 0.21 298 241
Castrol India Ltd 3,36,32,174 379 77,62,444 375 2,58,69,730 333.27 6.80 1.57 5.23 0.28 0.07 0.21 122 47
Max Financial Services Ltd 4,46,23,851 534 3,88,34,715 345 57,89,136 14.91 16.71 14.54 2.17 0.52 0.32 0.19 77 60
HDFC Ltd 4,96,38,435 1,253 4,42,61,162 1,106 53,77,273 12.15 3.13 2.79 0.34 1.35 1.19 0.16 278 265
State Bank of India 48,68,20,381 219 45,77,02,782 194 2,91,17,599 6.36 6.27 5.90 0.38 2.31 2.16 0.16 368 363
Yes Bank Ltd 4,76,07,290 1,107 4,79,11,475 865 -3,04,185 -0.63 11.29 11.36 -0.07 1.14 1.00 0.14 236 210
Kotak Mahindra Bank Ltd 7,93,51,653 763 7,19,82,493 681 73,69,160 10.24 4.32 3.92 0.40 1.32 1.19 0.13 294 277
Coal India Ltd 10,75,09,177 313 8,71,62,236 292 2,03,46,941 23.34 1.70 1.38 0.32 0.73 0.62 0.11 210 210
United Breweries Ltd 1,60,55,892 751 74,64,021 824 85,91,871 115.11 6.07 2.82 3.25 0.26 0.15 0.11 102 58
HDFC Bank Ltd 21,94,95,736 1,176 21,16,93,060 1,071 78,02,676 3.69 8.62 8.32 0.31 5.61 5.50 0.11 581 562
IndusInd Bank Ltd 6,76,04,892 1,111 6,48,15,512 968 27,89,380 4.30 11.33 10.86 0.47 1.63 1.52 0.11 325 318
Grasim Industries Ltd 86,23,094 4,654 82,77,418 3,841 3,45,676 4.18 9.24 8.87 0.37 0.87 0.77 0.10 214 194
Bajaj Finserv Ltd 97,29,895 2,319 94,98,848 1,704 2,31,047 2.43 6.11 5.97 0.15 0.49 0.39 0.10 103 80
The Ramco Cements Ltd 3,77,71,775 554 3,83,06,942 400 -5,35,167 -1.40 15.86 16.09 -0.22 0.45 0.37 0.08 128 114
Crompton Greaves Ltd 16,83,51,368 74 15,79,30,761 49 1,04,20,607 6.60 26.86 25.20 1.66 0.27 0.19 0.08 73 103
Indian Oil Corporation Ltd 4,81,85,217 441 3,98,71,931 393 83,13,286 20.85 1.98 1.64 0.34 0.46 0.38 0.08 125 115
Cholamandalam Investment & Fin 1,63,68,827 946 1,53,58,023 713 10,10,804 6.58 10.48 9.83 0.65 0.34 0.27 0.07 87 75
Power Grid Corporation of India Ltd 25,71,83,073 163 24,92,58,323 139 79,24,750 3.18 4.92 4.76 0.15 0.91 0.84 0.07 232 208
Repco Home Finance Ltd 1,38,36,437 769 1,17,58,746 580 20,77,691 17.67 22.12 18.80 3.32 0.23 0.17 0.07 96 87

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VII. The following table displays the stocks in which all equity mutual schemes (whether diversified, sectoral, ELSS, hybrid, MIP etc) have reduced their shareholding to Nil in Mar 16.

This denotes that the fund managers are not too excited about these stocks and hence have exited their stake (either individually or cumulatively) in these companies.

% of holding by the MF indusrty on the

Change in MF Holding (no of % of holding by the MF industry in the
As on June 2016 As on Mar 2016 overall equity investment by the Mutual
Shares) Equity Capital of the company
fund
Company Long Name
MF Holding
BSE price MF Holding BSE price
(no of In number In % Jun-16 Mar-16 Difference Jun-16 Mar-16 Difference
(Rs) (no of Shares) (Rs)
Shares)
Ramky Infrastructure Ltd - 81 8,48,970 59 -8,48,970 -100.00 1.48 -1.48 0.00 0.00
Emkay Global Financial Services Ltd - 65 3,14,530 54 -3,14,530 -100.00 1.29 -1.29 0.00 0.00
Morepen Laboratories Ltd - 24 2,73,067 26 -2,73,067 -100.00 0.06 -0.06 0.00 0.00
Aksh Optifibre Ltd - 17 2,50,738 13 -2,50,738 -100.00 0.15 -0.15 0.00 0.00
Panacea Biotec Ltd - 125 1,17,620 93 -1,17,620 -100.00 0.19 -0.19 0.00 0.00
Mercator Ltd - 36 77,140 22 -77,140 -100.00 0.03 -0.03 0.00 0.00
Fredun Pharmaceuticals Ltd - 20 75,000 13 -75,000 -100.00 3.19 -3.19 0.00 0.00
Blue Pearl Texspin Ltd - 2 13,500 3 -13,500 -100.00 0.26 -0.26 0.00 0.00
Hindustan Organic Chemicals Ltd - 18 11,600 17 -11,600 -100.00 0.02 -0.02 0.00 0.00
Zenith Computers Ltd - 2 5,800 2 -5,800 -100.00 0.04 -0.04 0.00 0.00
Jaysynth Dyestuff (India) Ltd - 92 4,800 56 -4,800 -100.00 0.06 -0.06 0.00 0.00
Svam Software Ltd - 0 4,000 1 -4,000 -100.00 0.02 -0.02 0.00 0.00
GEE Ltd - 39 3,200 41 -3,200 -100.00 0.01 -0.01 0.00 0.00
Opto Circuits (India) Ltd - 12 2,540 10 -2,540 -100.00 0.00 0.00 0.00 0.00
Tamil Nadu Telecommunications Ltd - 3 2,300 3 -2,300 -100.00 0.01 -0.01 0.00 0.00
Goldiam International Ltd - 83 2,000 43 -2,000 -100.00 0.01 -0.01 0.00 0.00
Indiabulls Ventures Ltd - 24 1,933 14 -1,933 -100.00 0.00 0.00 0.00 0.00
Indian Card Clothing Company Ltd - 262 1,800 220 -1,800 -100.00 0.04 -0.04 0.00 0.00
Wintac Ltd - 170 1,400 194 -1,400 -100.00 0.01 -0.01 0.00 0.00

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 RETAIL RESEARCH

VIII. The following table displays the stocks in which all equity mutual schemes (whether diversified, sectoral, ELSS, hybrid, MIP etc) have raised shareholding from Nil in Mar 16 by a
significant percentage.

This denotes added fancy among the fund managers to take fresh exposure (either individually or cumulatively) in these companies.

% of holding by the MF industry % of holding by the MF indusrty

Change in MF Holding
As on June 2016 As on Mar 2016 in the Equity Capital of the on the overall equity Held By no of Schemes
(no of Shares)
company investment by the Mutual fund
Company Long Name
MF Holding MF Holding
BSE price BSE price In Mar- Mar-
(no of (no of In % Jun-16 Difference Jun-16 Difference Jun-16 Mar-16
(Rs) (Rs) number 16 16
Shares) Shares)
Goodluck Steel Tubes Ltd 14,50,000 104 - 95 14,50,000 6.59 6.59 0.00 0.00 1 RELIANCE
Lloyd Electric & Engineering Ltd 10,21,412 235 - 244 10,21,412 2.53 2.53 0.01 0.01 8 SBI
Linc Pen & Plastics Ltd 1,19,163 245 - 189 1,19,163 0.81 0.81 0.00 0.00 1 RELIANCE
Satin Creditcare Network Ltd 87,340 503 - 327 87,340 0.26 0.26 0.00 0.00 1 DSP BR
Sutlej Textiles and Industries Ltd 20,000 685 - 458 20,000 0.12 0.12 0.00 0.00 1 BNP

Note: This report has been prepared based on the data provided by Capital Line database which in turn relies on the shareholding pattern filed by the respective companies with BSE
from time to time. Mutual fund holdings as per disclosure norms mean shares held by SEBI-registered mutual funds, as a portfolio investment. Out of which, the equity AUM data
shown in the above tables are taken from NAVIndia wherein the source data are compiled from the AMC factsheets.

Analyst: DhuraivelGunasekaran (dhuraivel.gunasekaran@hdfcsec.com)

RETAIL RESEARCH Tel: (022) 3075 3400 Fax: (022) 2496 5066 Corporate Office

HDFC securities Limited, I Think Techno Campus, Building - B, "Alpha", Office Floor 8, Near Kanjurmarg Station, Opp. Crompton Greaves, Kanjurmarg (East), Mumbai 400 042 Phone: (022) 3075 3400 Fax: (022) 2496 5066 Website: www.hdfcsec.com Email:
hdfcsecretailresearch@hdfcsec.com.

Disclaimer: Mutual Funds investments are subject to risk. Past performance is no guarantee for future performance.This document has been prepared by HDFC Securities Limited and is meant for sole use by the recipient and not for circulation. This document is not to be reported or
copied or made available to others. It should not be considered to be taken as an offer to sell or a solicitation to buy any security. The information contained herein is from sources believed reliable. We do not represent that it is accurate or complete and it should not be relied upon as
such. We may have from time to time positions or options on, and buy and sell securities referred to herein. We may from time to time solicit from, or perform investment banking, or other services for, any company mentioned in this document. This report is intended for non-Institutional
Clients.

This report has been prepared by the Retail Research team of HDFC Securities Ltd. The views, opinions, estimates, ratings, target price, entry prices and/or other parameters mentioned in this document may or may not match or may be contrary with those of the other Research teams
(Institutional, PCG) of HDFC Securities Ltd. HDFC Securities Ltd. is a SEBI Registered Research Analyst having registration no. INH000002475.

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