SBI, Quant among 5 mutual funds that made complete exit from 11 midcap stocks in June

Five mutual funds made complete exit from 11 midcap stocks in June. AMCs add or sell stocks to actively manage their portfolio and generate better returns. Here is a detailed breakup, according to a report by Nuvama Institutional Equities.

SBI Mutual Fund made a complete exit from two midcap stocks in June. The fund sold Tube Investments and Escorts Kubota from its portfolio.

Axis Mutual Fund made a complete exit from three midcap stocks in June. The fund sold Ashok Leyland, Container Corporation, and Dixon Technologies from its portfolio.

Nippon India Mutual Fund made a complete exit from three midcap stocks in June. The fund sold L&T Finance, National Aluminium, and L&T Technology from its portfolio.

Quant Mutual Fund made a complete exit from two midcap stocks in June. The fund sold PB Fintech. and Kaynes Technology from its portfolio.

ICICI Prudential Mutual Fund made a complete exit from one midcap stock in June. The fund sold Physicswallah from its portfolio.