Around seven mutual funds exited from 18 stocks in their portfolio in May. Here is the breakdown of the stocks exited, according to Mutual Fund Insight by Nuvama Alternative & Quantitative Research.
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HDFC Mutual Fund made a complete exit from Radico Khaitan, Phoenix Mills, and Sundaram Finance. The fund house sold 11.78 lakh shares of Radico Khaitan, 3.07 lakh shares of Phoenix Mills, and 1.44 lakh shares of Sundaram Finance.
Agencies
The largest fund house made a complete exit from Cipla and LIC Housing Finance. They sold 56.95 lakh shares of Cipla and 21.25 lakh shares of LIC Housing Finance.
ETMarkets.com
The fund house completely exited from Coforge, Sundaram Finance, and Gland Pharma. They sold 19.36 lakh shares of Coforge, 3.80 lakh shares of Sundaram Finance, and 6.53 lakh shares of Gland Pharma.
Agencies
The fund house completely exited from SRF and Tube Investments. They sold 1.95 lakh shares of SRF and 15,231 shares of Tube Investments.
Agencies
6/8
Nippon India Mutual Fund
The fund house completely exited from FSN E-Commerce, TVS Motor Co, and La Opala RG. They sold 38.79 lakh shares of FSN E-Commerce, 2.43 lakh shares of TVS Motor Co, and 9.84 lakh shares of La Opala RG.
Agencies
The fund house completely exited Punjab National Bank, Hindustan Copper, and GAIL (India). They sold 11.56 crore shares of Punjab National Bank, 2.29 crore shares of Hindustan Copper, and 5.08 crore shares of GAIL (India).
ETMarkets.com
8/8
ICICI Prudential Mutual Fund
The fund house completely exited from CCL Products, Aditya Birla Fashion, and Fortis Healthcare. They sold 14.13 lakh shares of CCL Products, 50.54 lakh shares of Aditya Birla Fashion and Retail, and 10.08 lakh shares of Fortis Healthcare.
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