Around seven mutual funds reduced their exposure in mid cap stocks in May. Here is the breakup of stocks, according to the Mutual Fund Insight report by Nuvama Alternative & Quantitative Research.
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The fund house reduced its exposure in Phoenix Mills (3.07 lakh shares), Sundaram Finance (1.44 lakh shares), and Prestige Estates (19.13 lakh shares).
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The largest fund house reduced its exposure in Torrent Power (12.55 lakh shares), Cummins India (7.68 lakh shares), and Tube Investments (4.98 lakh shares).
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The fund reduced its stake in Solar Industries (10.12 lakh shares), Coforge (19.36 lakh shares), and Thermax (15 lakh shares).
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The fund house reduced its stake in Sundaram Finance (12.76 lakh shares), Phoenix Mills (9.16 lakh shares), and Indian Hotels Co (68.24 lakh shares).
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6/8
Nippon India Mutual Fund
The fund house reduced its stake in Apollo Tyres (38.69 lakh shares), Indian Bank (15.01 lakh shares), and FSN E-Commerce (38.79 lakh shares).
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The fund house reduced its stake in B H E L (2.42 crore shares), GMR Airports Infrastructure (4.82 crore shares) , and Tata Chemicals (28.47 lakh shares)
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8/8
ICICI Prudential Mutual Fund
The fund house reduced its stake in Schaeffler India (7.30 lakh shares), Cummins India (2.36 lakh shares), and Oberoi Realty (9.90 lakh shares).
