Mutual Funds Cut Holdings in 20 Mid-Cap Stocks in February
Mutual funds tend to change their portfolios by raising or lowering their holdings in different stocks to maximize returns and control risks efficiently. Seven mutual funds cut their holdings in 20 mid-cap stocks in February 2024, as per Mutual Fund Insights by Reports.
HDFC Mutual Fund
HDFC Mutual Fund reduced its holding in three firms: Bharat Electronics, Power Finance Corporation, and Bharti Airtel. The investment strategy of the fund was most probably to redeploy funds into alternative investment opportunities.
SBI Mutual Fund
SBI Mutual Fund adjusted by selling part of its holding in ITC, InterGlobe Aviation, and Blue Star. The move is indicative of a shift in the investment option in the mid-cap space.
Kotak Mutual Fund
Kotak Mutual Fund reduced its stake in AU Small Finance Bank, Hyundai Motor Inc, and Samvardhana Motherson. The action reflects portfolio rebalancing with a view to maximizing returns.
Axis Mutual Fund
Axis Mutual Fund trimmed its holdings in Mahindra and Mahindra, Trent, and CG Power. The reduction may be intended to rebalance exposure between sectors.
Nippon India Mutual Fund
Nippon India Mutual Fund lowered its holdings in Sun Pharma, Infosys, and Power Finance Corporation. This is part of its overall portfolio management scheme.
Conclusion
These cuts in these mid-cap stocks are reflective of continuous portfolio balancing by mutual funds to suit market situations and investment strategies. These are all part of the dynamic nature of fund management to ensure the best deployment of resources for long-term performance.
