ICICI Bank and Eternal among top 5 largecap stocks sold by mutual funds in August. Check details
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Major outflows
Largecaps accounted for the majority of inflows into Metals, Telecom, FMCG and Realty. In contrast, largecaps accounted for most of the outflows from IT, Banks, Oil & Gas, Power and Construction. Here are the top five largecap companies sold by mutual funds in August, according to the Indian Mutual Fund Industry Overview report by Dolat Capital.
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ICICI Bank
ICICI Bank, a private-sector banking stock, was among the stocks sold by mutual funds in August. The total net sell value stood at Rs 4,040 crore.
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Infosys
Infosys, an IT sector stock, was sold by mutual funds in August. The total net sell value stood at Rs 2,911 crore.
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Eternal
Eternal, an IT sector stock, was sold by mutual funds in August. The total net sell value stood at Rs 2,389 crore.
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Tech Mahindra
Tech Mahindra, an IT sector stock, was sold by mutual funds in August. The total net sell value stood at Rs 1,843 crore.
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PFC
Power Finance Corporation, a finance sector stock, was sold by mutual funds in August. The total net sell value stood at Rs 1,576 crore.