Mutual fund managers continuously add or subtract stocks from their portfolios to generate better returns. Here are the top 10 midcap stocks sold by mutual funds in April, according to a report by ICICI Direct Research.
Agencies
MFs held 3 lakh shares of Patanjali Foods in April against 5 stocks in March. The total market value of these shares in April was Rs 41 crore.
ANI
Mutual fund houses held 478 lakh shares of JSW Infrastructure in April against 590 stocks in March. The total market value of these shares in April was Rs 1,195 crore.
ETMarkets.com
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Indian Renewable Energy Development Agency
Mutual funds held 116 lakh shares of IREDA in April against 142 stocks in March. The total market value of these shares in April was Rs 207 crore.
IANS
MF houses held 9 lakh shares of Tata Elxsi in April against 11 stocks in March. The total market value of these shares in April was Rs 641 crore.
ETMarkets.com
Mutual funds held 634 lakh shares of Indraprastha Gas in April against 735 stocks in March. The total market value of these shares in April was Rs 2,973 crore.
ETMarkets.com
Mutual funds held 990 lakh shares of Exide Industries in April against 1121 stocks in March. The total market value of these shares in April was Rs 4,678 crore.
ETMarkets.com
Mutual funds held 1,991 lakh shares of IDFC First Bank in April against 2,192 stocks in March. The total market value of these shares in April was Rs 1,636 crore.
ETMarkets.com
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General Insurance Corporation
Mutual funds held 24 lakh shares of GIC in April against 26 stocks in March. The total market value of these shares in April was Rs 83 crore.
ETMarkets.com
Agencies
Mutual funds held 148 lakh shares of Dalmia Bharat in April against 159 stocks in March. The total market value of these shares in April was Rs 2,725 crore.
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