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    HomeNewsPhotosBusinessPersonal FinanceExit plan: Mid-cap stocks that fund houses sold ahead of volatility

    Exit plan: Mid-cap stocks that fund houses sold ahead of volatility

    Fund managers exited as these stocks either reached their target prices or turned unattractive due to weak prospects

    Dhuraivel Gunasekaran
    October 21, 2024 / 08:32 IST
    The domestic equity market has been on roller coaster ride for over the last one month. The Nifty 50 total return index (TRI) corrected above five percent from their last peak of September 26, 2024, while Nifty Midcap 150 TRI lost more than three percent. Persistent FII outflows, rising valuations of domestic mid- and small-cap stocks and escalating geopolitical tensions dampened the investors’ sentiment. Here are the most sold midcap stocks by active mutual fund schemes (net) in September month. Fund managers may have chosen to sell their holding because of stocks reaching their in-house target prices, or an unfavourable change in underlying investment idea making the stock unattractive or the fund manager coming across a better placed stock offering higher potential upside. Values are as on September 30, 2024. Source: ACEMF.
    1/12
    The domestic equity market has been on a roller coaster ride for over the last month. The Nifty 50 total return index (TRI) corrected above five percent from its last peak of September 26, 2024, while Nifty Midcap 150 TRI lost more than three percent. Persistent FII outflows, rising valuations of domestic mid-and small-cap stocks, and escalating geopolitical tensions dampened the investors’ sentiment. Here are the most sold midcap stocks by active mutual fund schemes (net) in September month. Fund managers may have chosen to sell their holdings because of stocks reaching their in-house target prices, an unfavourable change in underlying investment idea making the stock unattractive or the fund manager coming across a better-placed stock offering higher potential upside. Values are as of September 30, 2024. Source: ACEMF.
    Indus Towers No. active schemes exited: 32 Who sold?: Kotak Balanced Advantage and Mahindra Manulife Large & Mid Cap, and others
    2/12
    Indus Towers
    No. active schemes exited: 32
    Who sold?: Kotak Balanced Advantage and Mahindra Manulife Large & Mid Cap, and others
    Oil India No. active schemes exited: 14 Who sold?: Canara Rob Mid Cap, WOC Large Cap, and others Also see: microcap multibagger stocks added by mutual funds, amidst volatility
    3/12
    Oil India
    No. active schemes exited: 14
    Who sold?: Canara Rob Mid Cap, WOC Large Cap, and others

    Also see: microcap multibagger stocks added by mutual funds, amidst volatility
    Container Corporation Of India No. active schemes exited: 12 Who sold?: Invesco India Infrastructure, Sundaram Large and Mid Cap, and others
    4/12
    Container Corporation Of India
    No. active schemes exited: 12
    Who sold?: Invesco India Infrastructure, Sundaram Large and Mid Cap, and others
    Indian Bank No. active schemes exited: 12 Who sold?: Baroda BNP Paribas Multi Cap, HSBC Small Cap, and others
    5/12
    Indian Bank
    No. active schemes exited: 12
    Who sold?: Baroda BNP Paribas Multi Cap, HSBC Small Cap, and others
    Vodafone Idea No. active schemes exited: 11 Who sold?: ITI Mid Cap and Union Midcap, and others Also see: Chasing Chinese dragons: What's in store for Indian mutual fund investors?
    6/12
    Vodafone Idea
    No. active schemes exited: 11
    Who sold?: ITI Mid Cap and Union Midcap, and others

    Also see: Chasing Chinese dragons: What's in store for Indian mutual fund investors?
    Ashok Leyland No. active schemes exited: 9 Who sold?: Tata Large & Mid Cap, Baroda BNP Paribas ELSS Tax Saver, and others
    7/12
    Ashok Leyland
    No. active schemes exited: 9
    Who sold?: Tata Large & Mid Cap, Baroda BNP Paribas ELSS Tax Saver, and others
    Bank Of India No. active schemes exited: 9 Who sold?: Aditya Birla SL Pure Value, LIC MF Midcap, and others
    8/12
    Bank Of India
    No. active schemes exited: 9
    Who sold?: Aditya Birla SL Pure Value, LIC MF Midcap, and others
    3M India No. active schemes exited: 8 Who sold?: Union Business Cycle, ICICI Pru Innovation, and others Also see: 4 sectors that PMS managers are betting big on, investing 50% of funds
    9/12
    3M India
    No. active schemes exited: 8
    Who sold?: Union Business Cycle, ICICI Pru Innovation, and others

    Also see: 4 sectors that PMS managers are betting big on, investing 50% of funds
    Petronet LNG No. active schemes exited: 7 Who sold?: Axis Midcap, Bandhan Multi Cap, and others
    10/12
    Petronet LNG
    No. active schemes exited: 7
    Who sold?: Axis Midcap, Bandhan Multi Cap, and others
    Housing & Urban Development Corporation No. active schemes exited: 6 Who sold?: Shriram Flexi Cap, JM Large Cap, and others
    11/12
    Housing & Urban Development Corporation
    No. active schemes exited: 6
    Who sold?: Shriram Flexi Cap, JM Large Cap, and others
    Page Industries No. active schemes exited: 6 Who sold?: Quant Consumption, Franklin India Bluechip, and others Also see: Winning the mid-cap race: How fund managers made their moves
    12/12
    Page Industries
    No. active schemes exited: 6
    Who sold?: Quant Consumption, Franklin India Bluechip, and others

    Also see: Winning the mid-cap race: How fund managers made their moves
    Dhuraivel Gunasekaran
    Dhuraivel Gunasekaran
    Tags: #invest #midcap stocks #Mutual Funds #personal finance
    first published: Oct 21, 2024 07:08 am

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