MUTUAL FUNDS 18 OCT 2016

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

An analysis of changes in shareholding in listed companies by MF Industry during Sep 16:

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 Sep 2016 As on Aug 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 Sep- Aug- Sep- Aug- Aug-
(no of (no of In number In % Difference Difference Sep-16 Sep '16
(Rs) (Rs) 16 16 16 16 16
Shares) Shares)
Nava Bharat Ventures Ltd 99,09,131 132.70 2,17,456 119.13 96,91,675 4,456.84 5.55 0.12 5.43 0.03 0.00 0.03 4 1 Reliance
Castrol India Ltd 5,11,88,197 474.70 2,82,83,944 447.90 2,29,04,253 80.98 10.35 5.72 4.63 0.49 0.26 0.23 161 128 ICICI
Satin Creditcare Network Ltd 22,59,865 569.40 9,28,047 609.50 13,31,818 143.51 6.84 2.81 4.03 0.03 0.01 0.01 15 8 DSP BR
Manpasand Beverages Ltd 82,32,731 752.60 65,11,794 737.75 17,20,937 26.43 16.44 13.00 3.44 0.12 0.10 0.03 34 30 SBI
Fiem Industries Ltd 8,17,364 1,102.55 4,18,280 1,042.85 3,99,084 95.41 6.21 3.18 3.03 0.02 0.01 0.01 5 3 DSP BR
Arman Financial Services Ltd 3,70,633 256.15 2,25,645 261.80 1,44,988 64.25 5.36 3.26 2.10 0.00 0.00 0.00 1 1 Reliance
Raymond Ltd 32,79,143 533.40 21,82,067 413.15 10,97,076 50.28 5.34 3.56 1.79 0.04 0.02 0.02 25 22 Mirae
Credit Analysis & Research Ltd 54,85,095 1,353.45 49,81,550 1,247.65 5,03,545 10.11 18.63 16.92 1.71 0.15 0.13 0.02 73 58 Franklin
Cholamandalam Invest 1,84,38,918 1,175.70 1,57,83,272 1,159.25 26,55,646 16.83 11.80 10.10 1.70 0.43 0.37 0.06 107 90 SBI
Motherson Sumi Systems Ltd 8,82,08,456 317.65 6,47,30,810 322.55 2,34,77,646 36.27 6.28 4.61 1.67 0.57 0.42 0.14 184 152 ICICI
Kaveri Seed Company Ltd 56,10,048 359.70 45,34,991 359.50 10,75,057 23.71 8.12 6.57 1.56 0.04 0.03 0.01 35 34 Birla
GHCL Ltd 16,40,368 252.10 1,06,922 253.00 15,33,446 1,434.17 1.64 0.11 1.53 0.01 0.00 0.01 3 2 Franklin
HSIL Ltd 1,70,06,089 340.50 1,59,57,810 347.80 10,48,279 6.57 23.52 22.07 1.45 0.12 0.11 0.00 34 35 Reliance
Neuland Laboratories Ltd 4,88,085 968.40 3,61,371 982.20 1,26,714 35.06 5.50 4.07 1.43 0.01 0.01 0.00 6 5 SBI
Gujarat Pipavav Port Ltd 4,93,40,642 174.40 4,27,89,014 177.95 65,51,628 15.31 10.21 8.85 1.36 0.17 0.15 0.02 55 40 Franklin
Vesuvius India Ltd 33,58,094 994.65 30,85,863 1,025.10 2,72,231 8.82 16.54 15.20 1.34 0.07 0.06 0.00 21 18 HDFC
Pricol Ltd 17,63,402 110.55 4,94,352 111.65 12,69,050 256.71 1.86 0.52 1.34 0.00 0.00 0.00 5 5 UTI
Mangalam Cement Ltd 17,27,181 344.15 13,90,512 354.05 3,36,669 24.21 6.47 5.21 1.26 0.01 0.01 0.00 6 4 L&T
Ahluwalia Contracts (India) Ltd 82,87,568 299.50 74,60,167 305.00 8,27,401 11.09 12.37 11.13 1.23 0.05 0.05 0.00 35 33 DSP BR
UFO Moviez India Ltd 59,52,596 465.05 56,17,760 476.65 3,34,836 5.96 21.57 20.35 1.21 0.06 0.05 0.00 26 26 SBI

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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 Sep 2016 As on Aug 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 % Sep-16 Aug-16 Difference Sep-16 Aug-16 Difference Sep-16 Aug-16
Shares) (Rs) Shares) (Rs)
Shree Pushkar Chemi 16,22,021 133.05 28,71,512 117.75 -12,49,491 -43.51 5.37 9.50 -4.13 0.00 0.01 0.00 2 10
D-Link India Ltd 16,10,450 86.85 29,59,519 85.90 -13,49,069 -45.58 4.54 8.34 -3.80 0.00 0.01 0.00 2 4
Tourism Finance Corp 25,54,000 47.95 40,33,596 43.95 -14,79,596 -36.68 3.16 5.00 -1.83 0.00 0.00 0.00 2 12
Zuari Agro Chemicals Ltd 11,55,276 179.30 18,31,714 183.60 -6,76,438 -36.93 2.75 4.36 -1.61 0.00 0.01 0.00 5 6
Jain Irrigation Systems Ltd 81,29,230 89.50 1,51,04,650 84.15 -69,75,420 -46.18 1.77 3.28 -1.52 0.01 0.03 -0.01 12 16
Sarda Energy & Minerals Ltd 8,61,905 198.70 13,04,782 172.15 -4,42,877 -33.94 2.40 3.63 -1.23 0.00 0.00 0.00 1 3
Shivam Autotech Ltd 8,59,803 44.95 19,95,990 45.25 -11,36,187 -56.92 0.86 2.00 -1.14 0.00 0.00 0.00 2 2
MBL Infrastructures Ltd 39,61,787 103.20 44,28,787 77.70 -4,67,000 -10.54 9.56 10.68 -1.13 0.01 0.01 0.00 6 8
Unichem Laboratories Ltd 1,00,62,063 269.75 1,10,23,508 269.20 -9,61,445 -8.72 11.08 12.13 -1.06 0.05 0.06 -0.01 28 30
Mindtree Ltd 96,53,706 481.45 1,12,33,219 563.80 -15,79,513 -14.06 5.75 6.69 -0.94 0.09 0.13 -0.03 54 67
Karur Vysya Bank Ltd 1,71,57,592 469.85 1,82,94,326 482.00 -11,36,734 -6.21 14.08 15.01 -0.93 0.16 0.18 -0.02 61 68
C & C Constructions Ltd 19,78,036 23.20 22,12,496 16.30 -2,34,460 -10.60 7.77 8.69 -0.92 0.00 0.00 0.00 3 3
Gujarat Mineral Devel 2,80,08,148 84.15 3,07,44,186 96.60 -27,36,038 -8.90 8.81 9.67 -0.86 0.05 0.06 -0.01 38 42
Automotive Axles Ltd 20,35,248 720.85 21,62,282 651.10 -1,27,034 -5.87 13.47 14.31 -0.84 0.03 0.03 0.00 12 12
SRF Ltd 58,78,884 1,775.10 63,48,150 1,717.60 -4,69,266 -7.39 10.24 11.06 -0.82 0.21 0.22 -0.01 60 58
Power Mech Projects Ltd 22,08,175 493.05 23,28,112 460.10 -1,19,937 -5.15 15.01 15.83 -0.82 0.02 0.02 0.00 14 15
Godawari Power & Ispat Ltd 7,89,325 55.45 10,45,932 55.50 -2,56,607 -24.53 2.41 3.19 -0.78 0.00 0.00 0.00 2 2
Gateway Distriparks Ltd 2,42,87,625 251.90 2,51,33,579 279.10 -8,45,954 -3.37 22.34 23.12 -0.78 0.12 0.14 -0.02 77 79
Dish TV India Ltd 6,77,36,781 93.10 7,57,94,990 98.40 -80,58,209 -10.63 6.35 7.11 -0.76 0.13 0.15 -0.02 73 82
Amara Raja Batteries Ltd 1,22,11,101 1,010.10 1,33,84,767 957.20 -11,73,666 -8.77 7.15 7.84 -0.69 0.25 0.26 -0.01 57 61

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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 Sep 2016 As on Aug 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 % Sep-16 Aug-16 Difference Sep-16 Aug-16 Difference Sep-16 Aug-16
Shares) (Rs) Shares) (Rs)
Trident Ltd 3,45,003 50.00 2,063 51.90 3,42,940 16,623.36 0.07 0.00 0.07 0.00 0.00 0.00 2 1
Nava Bharat Ventures Ltd 99,09,131 132.70 2,17,456 119.13 96,91,675 4,456.84 5.55 0.12 5.43 0.03 0.00 0.03 4 1
JK Tyre & Industries Ltd 40,436 148.10 1,185 131.95 39,251 3,312.32 0.02 0.00 0.02 0.00 0.00 0.00 2 1
GHCL Ltd 16,40,368 252.10 1,06,922 253.00 15,33,446 1,434.17 1.64 0.11 1.53 0.01 0.00 0.01 3 2
Vakrangee Ltd 1,61,392 239.55 25,018 195.90 1,36,374 545.10 0.03 0.00 0.03 0.00 0.00 0.00 4 3
Pricol Ltd 17,63,402 110.55 4,94,352 111.65 12,69,050 256.71 1.86 0.52 1.34 0.00 0.00 0.00 5 5
Fortis Healthcare Ltd 3,54,913 166.60 1,33,742 178.00 2,21,171 165.37 0.08 0.03 0.05 0.00 0.00 0.00 5 4
Satin Creditcare Network Ltd 22,59,865 569.40 9,28,047 609.50 13,31,818 143.51 6.84 2.81 4.03 0.03 0.01 0.01 15 8
Can Fin Homes Ltd 83,012 1,634.35 38,141 1,491.00 44,871 117.65 0.31 0.14 0.17 0.00 0.00 0.00 6 5
Sintex Industries Ltd 1,07,47,101 78.35 53,60,915 74.95 53,86,186 100.47 2.05 1.02 1.03 0.02 0.01 0.01 13 14
Fiem Industries Ltd 8,17,364 1,102.55 4,18,280 1,042.85 3,99,084 95.41 6.21 3.18 3.03 0.02 0.01 0.01 5 3
Godrej Properties Ltd 23,58,430 346.85 12,29,872 358.95 11,28,558 91.76 1.09 0.57 0.52 0.02 0.01 0.01 8 8
Castrol India Ltd 5,11,88,197 474.70 2,82,83,944 447.90 2,29,04,253 80.98 10.35 5.72 4.63 0.49 0.26 0.23 161 128
Indiabulls Real Estate Ltd 70,53,078 92.20 40,13,170 82.15 30,39,908 75.75 1.39 0.79 0.60 0.01 0.01 0.01 10 6
TVS Srichakra Ltd 1,24,151 4,026.95 73,454 2,601.00 50,697 69.02 1.62 0.96 0.66 0.01 0.00 0.01 7 5
Force Motors Ltd 1,59,172 3,497.80 95,840 3,108.40 63,332 66.08 1.21 0.73 0.48 0.01 0.01 0.01 12 6
Arman Financial Services Ltd 3,70,633 256.15 2,25,645 261.80 1,44,988 64.25 5.36 3.26 2.10 0.00 0.00 0.00 1 1
Vivimed Labs Ltd 2,38,490 110.90 1,58,490 73.45 80,000 50.48 0.29 0.20 0.10 0.00 0.00 0.00 1 1
Raymond Ltd 32,79,143 533.40 21,82,067 413.15 10,97,076 50.28 5.34 3.56 1.79 0.04 0.02 0.02 25 22
OCL India Ltd 1,40,678 840.65 97,586 816.85 43,092 44.16 0.25 0.17 0.08 0.00 0.00 0.00 6 2

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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 Sep 2016 As on Aug 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 % Sep-16 Aug-16 Difference Sep-16 Aug-16 Difference Sep-16 Aug-16
(no of
(Rs) Shares) (Rs)
Shares)
Indian Overseas Bank 5,298 25.50 6,21,734 26.65 -6,16,436 -99.15 0.00 0.03 -0.03 0.00 0.00 0.00 1 3
Caplin Point Laboratories Ltd 59 1,301.85 6,631 1,200.25 -6,572 -99.11 0.00 0.04 -0.04 0.00 0.00 0.00 1 2
Bliss GVS Pharma Ltd 523 137.25 56,471 148.45 -55,948 -99.07 0.00 0.05 -0.05 0.00 0.00 0.00 1 2
PC Jeweller Ltd 1,272 484.75 32,108 440.65 -30,836 -96.04 0.00 0.01 -0.01 0.00 0.00 0.00 2 3
NLC India Ltd 2,13,947 71.60 8,31,152 77.45 -6,17,205 -74.26 0.01 0.05 -0.04 0.00 0.00 0.00 6 10
IDBI Bank Ltd 1,69,683 68.65 5,76,989 72.90 -4,07,306 -70.59 0.01 0.03 -0.02 0.00 0.00 0.00 6 6
Aban Offshore Ltd 71,892 195.50 2,06,904 216.60 -1,35,012 -65.25 0.12 0.35 -0.23 0.00 0.00 0.00 3 3
Andhra Bank 23,23,438 56.45 63,73,902 60.25 -40,50,464 -63.55 0.34 0.94 -0.59 0.00 0.01 -0.01 10 12
Shivam Autotech Ltd 8,59,803 44.95 19,95,990 45.25 -11,36,187 -56.92 0.86 2.00 -1.14 0.00 0.00 0.00 2 2
Jain Irrigation Systems Ltd 81,29,230 89.50 1,51,04,650 84.15 -69,75,420 -46.18 1.77 3.28 -1.52 0.01 0.03 -0.01 12 16
D-Link India Ltd 16,10,450 86.85 29,59,519 85.90 -13,49,069 -45.58 4.54 8.34 -3.80 0.00 0.01 0.00 2 4
Delta Corp Ltd 10,01,726 167.50 18,01,778 154.50 -8,00,052 -44.40 0.43 0.78 -0.35 0.00 0.01 0.00 2 2
Shree Pushkar Chemicals & Fert 16,22,021 133.05 28,71,512 117.75 -12,49,491 -43.51 5.37 9.50 -4.13 0.00 0.01 0.00 2 10
Centrum Capital Ltd 2,31,692 29.55 3,68,400 28.15 -1,36,708 -37.11 0.06 0.09 -0.03 0.00 0.00 0.00 1 1
Zuari Agro Chemicals Ltd 11,55,276 179.30 18,31,714 183.60 -6,76,438 -36.93 2.75 4.36 -1.61 0.00 0.01 0.00 5 6
Tourism Finance Corp 25,54,000 47.95 40,33,596 43.95 -14,79,596 -36.68 3.16 5.00 -1.83 0.00 0.00 0.00 2 12
Veto Switchgears & Cables Ltd 55,000 131.55 85,000 121.35 -30,000 -35.29 0.30 0.46 -0.16 0.00 0.00 0.00 1 2
Sarda Energy & Minerals Ltd 8,61,905 198.70 13,04,782 172.15 -4,42,877 -33.94 2.40 3.63 -1.23 0.00 0.00 0.00 1 3
Dalmia Bharat Sugar & Industries Ltd 6,47,188 108.60 9,74,000 108.40 -3,26,812 -33.55 0.80 1.20 -0.40 0.00 0.00 0.00 1 1
Merck Ltd 1,29,011 701.50 1,92,313 722.30 -63,302 -32.92 0.78 1.16 -0.38 0.00 0.00 0.00 3 7

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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 Sep 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 industry

Change in MF Holding % of holding by the MF industry in
As on Sep 2016 As on Aug 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 % Sep-16 Aug-16 Difference Sep-16 Aug-16 Difference Sep-16 Aug-16
Shares) (Rs) Shares) (Rs)
HDFC Bank Ltd 23,76,34,376 1,271.70 23,43,87,864 1,290.75 32,46,512 1.39 9.33 9.21 0.13 6.09 6.14 -0.05 596 588
ICICI Bank Ltd 66,82,19,863 252.30 65,62,30,026 257.70 1,19,89,837 1.83 11.48 11.28 0.21 3.39 3.44 -0.04 554 531
Infosys Ltd 15,55,31,196 1,038.10 15,87,05,680 1,036.80 -31,74,484 -2.00 6.77 6.91 -0.14 3.25 3.34 -0.09 487 487
State Bank of India 56,34,46,779 250.70 54,04,20,403 252.55 2,30,26,376 4.26 7.26 6.96 0.30 2.85 2.77 0.08 410 385
Larsen & Toubro Ltd 8,49,34,746 1,431.65 8,46,61,108 1,513.85 2,73,638 0.32 9.11 9.08 0.03 2.45 2.60 -0.15 397 396
Maruti Suzuki India Ltd 1,84,36,499 5,479.20 1,86,43,212 5,052.65 -2,06,713 -1.11 6.10 6.17 -0.07 2.03 1.91 0.12 384 388
Reliance Industries Ltd 8,74,79,222 1,082.10 9,02,14,940 1,058.00 -27,35,718 -3.03 2.70 2.78 -0.08 1.91 1.94 -0.03 346 339
Axis Bank Ltd 14,95,15,711 541.85 15,03,74,027 595.65 -8,58,316 -0.57 6.26 6.29 -0.04 1.63 1.82 -0.19 388 397
IndusInd Bank Ltd 6,64,76,267 1,196.35 6,57,90,379 1,185.00 6,85,888 1.04 11.14 11.03 0.11 1.60 1.58 0.02 314 309
ITC Ltd 31,77,65,987 241.55 30,44,96,757 260.05 1,32,69,230 4.36 2.62 2.51 0.11 1.54 1.61 -0.06 405 412
Sun Pharmaceuticals Industries Ltd 10,07,44,826 742.70 9,90,65,621 774.85 16,79,205 1.70 4.19 4.12 0.07 1.51 1.56 -0.05 406 401
Kotak Mahindra Bank Ltd 9,55,38,888 778.75 8,39,44,296 806.70 1,15,94,592 13.81 5.20 4.57 0.63 1.50 1.37 0.12 302 296
HDFC Ltd 4,68,44,366 1,393.05 4,68,66,372 1,406.15 -22,006 -0.05 2.96 2.96 0.00 1.31 1.34 -0.02 275 274
Tata Motors Ltd 11,27,39,997 534.75 11,54,19,558 537.45 -26,79,561 -2.32 3.90 4.00 -0.09 1.21 1.26 -0.04 315 315
Yes Bank Ltd 4,35,72,461 1,254.25 4,58,12,321 1,362.80 -22,39,860 -4.89 10.33 10.86 -0.53 1.10 1.27 -0.17 242 232
HCL Technologies Ltd 6,75,49,504 799.75 6,78,97,438 779.20 -3,47,934 -0.51 4.79 4.81 -0.02 1.09 1.07 0.02 316 331
Tata Consultancy Services Ltd 1,96,65,320 2,427.20 2,01,20,791 2,512.55 -4,55,471 -2.26 1.00 1.02 -0.02 0.96 1.03 -0.06 241 272
Divis Laboratories Ltd 3,45,12,102 1,289.70 3,49,30,423 1,325.25 -4,18,321 -1.20 13.00 13.16 -0.16 0.90 0.94 -0.04 184 183
Cipla Ltd 7,56,31,419 580.25 7,81,85,933 572.60 -25,54,514 -3.27 9.40 9.72 -0.32 0.88 0.91 -0.03 272 275
Tata Motors-DVR 12,76,43,037 340.50 12,65,26,501 343.10 11,16,536 0.88 25.10 24.88 0.22 0.88 0.88 -0.01 161 160

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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 Sep 16 from Aug 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 industry % of holding by the MF industry

Change in MF Holding
As on Sep 2016 As on Aug 2016 in the Equity Capital of the on the overall equity investment Held By no of Schemes
(no of Shares)
company by the Mutual fund
Company Long Name
MF Holding MF Holding
BSE price BSE price
(no of (no of In number In % Sep-16 Aug-16 Difference Sep-16 Aug-16 Difference Sep-16 Aug-16
(Rs) (Rs)
Shares) Shares)
Castrol India Ltd 5,11,88,197 474.70 2,82,83,944 447.90 2,29,04,253 80.98 10.35 5.72 4.63 0.49 0.26 0.23 161 128
Motherson Sumi Systems Ltd 8,82,08,456 317.65 6,47,30,810 322.55 2,34,77,646 36.27 6.28 4.61 1.67 0.57 0.42 0.14 184 152
Maruti Suzuki India Ltd 1,84,36,499 5,479.20 1,86,43,212 5,052.65 -2,06,713 -1.11 6.10 6.17 -0.07 2.03 1.91 0.12 384 388
Kotak Mahindra Bank Ltd 9,55,38,888 778.75 8,39,44,296 806.70 1,15,94,592 13.81 5.20 4.57 0.63 1.50 1.37 0.12 302 296
State Bank of India 56,34,46,779 250.70 54,04,20,403 252.55 2,30,26,376 4.26 7.26 6.96 0.30 2.85 2.77 0.08 410 385
MRF Ltd 2,92,532 50,937.35 2,84,314 37,449.00 8,218 2.89 6.90 6.71 0.19 0.30 0.22 0.08 84 59
Multi Commodity Exch 1,04,29,084 1,348.95 1,03,55,889 988.15 73,195 0.71 20.45 20.31 0.14 0.28 0.21 0.08 80 78
Tata Steel Ltd 9,15,31,075 374.40 8,36,57,516 370.45 78,73,559 9.41 9.42 8.61 0.81 0.69 0.63 0.06 182 165
Cholamandalam Invest 1,84,38,918 1,175.70 1,57,83,272 1,159.25 26,55,646 16.83 11.80 10.10 1.70 0.43 0.37 0.06 107 90
Aurobindo Pharma Ltd 4,41,92,936 854.90 4,39,07,424 790.65 2,85,512 0.65 7.55 7.50 0.05 0.76 0.70 0.06 167 156
Mahindra & Mahindra Ltd 2,93,77,033 1,405.95 2,66,61,969 1,438.00 27,15,064 10.18 4.73 4.29 0.44 0.83 0.78 0.05 308 305
Hindustan Unilever Ltd 2,96,68,520 867.80 2,52,66,068 916.65 44,02,452 17.42 1.37 1.17 0.20 0.52 0.47 0.05 181 189
Century Textiles & Industries Ltd 1,04,60,353 942.75 1,07,80,739 724.30 -3,20,386 -2.97 9.36 9.65 -0.29 0.20 0.16 0.04 70 63
TVS Motor Company Ltd 5,15,14,842 365.60 5,13,82,624 325.85 1,32,218 0.26 10.84 10.82 0.03 0.38 0.34 0.04 54 59
GAIL (India) Ltd 3,87,10,068 374.05 3,25,05,831 384.10 62,04,237 19.09 3.05 2.56 0.49 0.29 0.25 0.04 152 143
Balkrishna Industries Ltd 1,41,37,952 1,014.90 1,40,94,456 873.60 43,496 0.31 14.63 14.58 0.05 0.29 0.25 0.04 29 28
UPL Ltd 4,29,19,915 673.80 4,23,13,100 638.25 6,06,815 1.43 8.47 8.35 0.12 0.58 0.55 0.03 103 98
Glenmark Pharmaceuticals Ltd 62,33,136 920.25 49,13,138 842.35 13,19,998 26.87 2.21 1.74 0.47 0.12 0.08 0.03 66 63
Cairn India Ltd 2,85,73,545 200.20 2,10,31,062 199.60 75,42,483 35.86 1.52 1.12 0.40 0.12 0.08 0.03 70 68
LIC Housing Finance Ltd 1,98,86,193 579.25 1,74,95,205 572.75 23,90,988 13.67 3.94 3.47 0.47 0.23 0.20 0.03 94 89

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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 Sep 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 industry on the

Change in MF Holding (no of % of holding by the MF industry in the
As on Sep 2016 As on Aug 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 % Sep-16 Aug-16 Difference Sep-16 Aug-16 Difference
(Rs) (no of Shares) (Rs)
Shares)
Sangam Health Care Products Ltd - 2,00,000 -2,00,000 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Ess Dee Aluminium Ltd - 176 61.05 -176 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
ABG Shipyard Ltd - 388 27.35 -388 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Tree House Education & Accessories Ltd - 381 33.00 -381 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
HMT Ltd - 367 38.55 -367 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Tribhovandas Bhimji Zaveri Ltd - 227 67.60 -227 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Global Offshore Services Ltd - 129 130.80 -129 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
63 Moons Technologies Ltd - 277 76.00 -277 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Hotel Leela Venture Ltd - 1,463 18.10 -1,463 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Parsvnath Developers Ltd - 1,648 17.05 -1,648 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Castex Technologies Ltd - 2,618 11.07 -2,618 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Vaibhav Global Ltd - 136 302.65 -136 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Tata Teleservices (Maharashtra) Ltd - 6,384 6.37 -6,384 -100.00 0.00 0.00 0.00 0.00 0.00 0.00
Machino Plastics Ltd - 3,317 138.00 -3,317 -100.00 0.00 0.05 -0.05 0.00 0.00 0.00
Pratibha Industries Ltd - 1,67,084 19.40 -1,67,084 -100.00 0.00 0.17 -0.17 0.00 0.00 0.00
SMS Pharmaceuticals Ltd - 1,78,385 90.25 -1,78,385 -100.00 0.00 0.21 -0.21 0.00 0.00 0.00

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VIII. The following table displays the stocks in which all equity mutual schemes (whether diversified, sectoral, ELSS, hybrid, MIP etc) have raised shareholding during Sep 16 from Nil in
Aug 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
% of holding by the MF
Change in MF Holding industry on the overall Held By no of AMC that
As on Sep 2016 As on Aug 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 Sep- Aug- Sep- Aug- Aug-
(no of (no of In number In % Difference Difference Sep-16 Sep '16
(Rs) (Rs) 16 16 16 16 16
Shares) Shares)
ICICI Pru Life Insurance Co 30731556 310.10 - 3,07,31,556 NA NA NA 0.19 0.00 0.19 69 SBI
GNA Axles Ltd 2562203 227.80 - 25,62,203 NA NA NA 0.01 0.00 0.01 24 HDFC
L&T Technology Services Ltd 1612751 843.40 - 16,12,751 NA NA NA 0.03 0.00 0.03 20 DSP BR
Talwalkars Better value Fitn 5,60,495 276.35 - 5,60,495 1.89 0.00 1.89 0.00 0.00 0.00 12 TATA
Dwarikesh Sugar Industries Ltd 10,40,000 242.65 - 10,40,000 6.38 0.00 6.38 0.01 0.00 0.01 5 L&T
Supreme Petrochem Ltd 2,18,870 216.50 - 2,18,870 0.23 0.00 0.23 0.00 0.00 0.00 2 L&T
NCL Industries Ltd 1,22,559 121.20 - 1,22,559 0.33 0.00 0.33 0.00 0.00 0.00 1 HSBC
Religare Enterprises Ltd 694 274.20 - 694 0.00 0.00 0.00 0.00 0.00 0.00 1 Goldman Sa
Infibeam Incorporation Ltd 133 887.85 - 133 NA NA NA 0.00 0.00 0.00 1 Goldman Sa

Source: NAVIndia.

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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