Domestic equity markets have been on a rollercoaster ride over the last one year due to global and domestic headwinds. Broader market index Nifty 50 delivered almost flat returns during the period. Sectors such as power, PSU Banks, utilities, industrials, and FMCG gained the most while realty, IT, media, consumer durables, and pharma corrected significantly over the last one year. Fund managers were cautious and exited stocks that they thought had weak prospects. Here are the top largecap stocks that active fund managers cut their exposure significantly to over the last two months. Portfolio data as of October 2022. Source: ACEMF.
2/12
GAIL (India) Active funds that exited the stock: 18 Active funds holding the stock (as of October 31, 2022): 61 A sample of schemes that totally exited: Invesco India Infrastructure, LIC MF Infra and Baroda BNP Paribas Aggressive Hybrid Fund
3/12
Shree Cement Active funds that exited the stock: 13 Active funds holding the stock (as of October 31, 2022): 45 A sample of schemes that totally exited: Kotak Focused Equity, Shriram Flexi Cap and UTI Mastershare
4/12
Life Insurance Corporation of India Active funds that exited the stock: 12 Active funds holding the stock (as of October 31, 2022): 56 A sample of schemes that totally exited: HDFC Hybrid Equity, Baroda BNP Paribas ELSS and Axis Equity Hybrid
Tata Steel Active funds that exited the stock: 12 Active funds holding the stock (as of October 31, 2022): 115 A sample of schemes that totally exited: Baroda BNP Paribas Business Cycle, ITI Value and Motilal Oswal Long Term Equity
6/12
Grasim Industries Active funds that exited the stock: 11 Active funds holding the stock (as of October 31, 2022): 61 A sample of schemes that totally exited: Quant ESG Equity, Quant Focused and Franklin India Equity Hybrid
7/12
Vedanta Active funds that exited the stock: 11 Active funds holding the stock (as of October 31, 2022): 20 A sample of schemes that totally exited: JM Equity Hybrid, Quant Active and Quant Value Fund
8/12
Indian Oil Corporation Active funds that exited the stock: 10 Active funds holding the stock (as of October 31, 2022): 23 A sample of schemes that totally exited: DSP Natural Res & New Energy, ITI Value and Tata Quant Fund
Divi's Laboratories Active funds that exited the stock: 10 Active funds holding the stock (as of October 31, 2022): 118 A sample of schemes that totally exited: Bank of India Bluechip, Divi's Laboratories and Union Focused Fund
10/12
Dr. Reddy's Laboratories Active funds that exited the stock: 10 Active funds holding the stock (as of October 31, 2022): 115 A sample of schemes that totally exited: HSBC Large Cap Equity, ICICI Pru Retirement Fund-Pure Equity and Tata Business Cycle Fund
11/12
Bajaj Auto Active funds that exited the stock: 9 Active funds holding the stock (as of October 31, 2022): 59 A sample of schemes that totally exited: Motilal Oswal Equity Hybrid, Shriram Flexi Cap and UTI Focused Equity Fund
12/12
Larsen & Toubro Infotech Active funds that exited the stock: 9 Active funds holding the stock (as of October 31, 2022): 64 A sample of schemes that totally exited: Mahindra Manulife Multi Cap Badhat Yojana, Sundaram Equity Savings and Edelweiss Large Cap Fund
