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7 Funds Cut Midcap Stocks: April Sell-off Revealed
17 May
Summary
- Seven mutual funds reduced exposure to 18 mid-cap stocks.
- HDFC, SBI, Kotak, Axis, Nippon, Quant, and ICICI funds trimmed holdings.
- Specific mid-cap stocks like Lupin and Thermax saw reduced investment.
Seven prominent mutual fund houses strategically reduced their holdings in 18 mid-cap stocks during April. This move was part of active portfolio management strategies employed by these financial institutions.
HDFC Mutual Fund adjusted its exposure by decreasing stakes in Lupin Limited, Aditya Birla Capital Limited, and Apar Industries. Similarly, SBI Mutual Fund trimmed its investments in Uno Minda, Bharat Heavy Electricals Limited, and Thermax.
Kotak Mutual Fund reduced its exposure to GE Vernova T&D India, FSN E-Commerce Ventures, and Thermax. Axis Mutual Fund also saw reductions in Lupin Limited, Indian Bank, and Dixon Technologies. Nippon India Mutual Fund trimmed stakes in GE Vernova T&D India, Havells India, and HDB Financial Services.
Quant Mutual Fund cut its exposure to Oracle Financial Services Software, Dabur India, and NMDC Limited. Lastly, ICICI Prudential Mutual Fund reduced its holdings in Jubilant FoodWorks, Tube Investments of India, and Bharat Forge.
