Stock market today: Power of trust, Angel One in Muthoot Finance were among the 17 stocks that Mutual Fund completely dumped over the past month, suggest Mutual Fund Insights reports from Nuvama Alternative & Quantitative Research. Other companies that mutual funds have exited include The Ramco Cement, Crompton Greaves Consumer, Natco Pharma, City Union Bank, Gujarat Gas, Havells, Maruti Suzuki India, ABB, Piramal Enterprise Ltd, Sterlite Technologies, Muthoot Finance, Voltas , Torrent Power and Ciment d’Orient

Mutual Fund Details for All Market Cap Schemes

According to the report on major activities in mutual funds, the Nuvama Institutional Equities report showed that HDFC Mutual Fund has completely exited Global Health Ltd (Medanta), Angel One Ltd and Reliance Power Ltd. HDFC Mutual Fund in turn added shares of Nuvoco Vistas Corporation Ltd. and JSW Steel Ltd to their portfolio.

SBI Mutual Fund, on the other hand, completely exited companies like The Ramco Cement Ltd, Crompton Greaves Consumer Electricals Ltd and Natco Pharma during the month of October. SBI Mutual Fund added shares of Hindustan Petroleum Corporations Ltd, Sansera Engineering and Torrent Pharma.

Kotak Mutual Fund added KEI Industries and LTI Mindtree, but sold shares and shed its stakes in City Union Bank Ltd, Gujarat Gas and Havells India Ltd.

Axis Mutual Fund bought shares and added stakes in HDFC AMC and HCL Technologies Ltd, but however completely exited its stakes in Maruti Suzuki India Ltd, ABB Ltd and Gobal Health Ltd (Medanta).

Nippon India Mutual Fund added Sansera Engineering and Sudarshan Chemicals to its portfolio, but sold its entire stakes in Piramal Enterprise Ltd, Sterlite Technologies Ltd and Muthoot Finance.

Quant Mutual Fund is the only fund to have added Adani Enterprises, Tata Chemicals Ltd and Ipca Laboratories Ltd, but has not divested from any company’s holdings.

ICICI Prudential Mutual Fund added Nestle India, Sundaram Clayton, Life Insurance Corporation and exited Voltas Ltd, Torrent Power Ltd and Orient Cement Ltd.

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