TCS, PFC, Swiggy, and more — Mutual Funds exited from these stocks in June

1 / 8Buying and selling activity remained heightened at India’s mutual funds with stocks like Dixon Technologies, Biocon, Hero MotoCorp seeing buying activity from various fund houses. However, there were names, PSUs included, from where fund houses made an exit last month. Here is a look at that list:2 / 8HDFC Mutual Fund | HDFC Mutual Fund has entirely exited Safari Industries, VST Industries and Ceigall India Ltd., during the month of June. At the end of the March quarter, HDFC MF held 1.24% stake in VST Industries, while HDFC Small Cap Fund held 1.13% and 1.24% stake in Safari Industries and Ceigall India, respectively.3 / 8SBI MF | SBI Mutual Fund completely exited TCS, Torrent Pharma and Swiggy Ltd in the month of June, as per Nuvama Alternative & Quantitative Reseach. While SBI Nifty 50 ETF held 1.37% stake in TCS, SBI MF held less than 1% stake in Torrent Pharma and Swiggy Ltd, respectively, at the end of the March quarter, as its name does not feature in the latest shareholding pattern.4 / 8Kotak MF | Kotak Mutual Fund exited Supreme Industries, M&M FInancial Services and Crompton Greaves Consumer entirely in the June quarter. At the end of previous quarter, Kotak Small Cap Fund held 2.46% stake in Supreme Industries, Kotak Equity Arbitrage Fund held 2.14% stake in Crompton Greaves and Kotak Mahindra Mutual Fund held 1.85% stake in M&M Financial Services, via multiple accounts, as per data available on the BSE.5 / 8Axis MF | Nuvama Alternative’s note disclosed that Axis MF entirely exited CeigalL India Ltd., a recent listing, during the month of June. It held less than 1% stake in the company at the end of the March quarter.6 / 8Nippon India MF | In the month of June, Nippon India MF entirely sold its holdings in Bosch Ltd., Orient Cement and JSW Energy. While Nippon Life India Trustee Ltd. held 1.66% stake in Bosch, the mutual fund held less than 1% stake in Orient Cement and JSW Energy, each respectively.7 / 8Quant MF | Quant MF exited its entire stake in MRF, SBI and HUDCO in June. It held less than 1% in each of the three companies at the end of the March quarter.8 / 8ICICI Prudential MF | The mutual fund sold its entire stake in Indian Bank, Power Finance Corporation (PFC) and JSW Infrastructure in June, as per Nuvama Alternative. While it held 1.17% stake in Indian Bank, it had less than 1% stake in PFC and JSW Infra, respectively.

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