6 mutual funds made complete exit from 12 smallcap stocks in March
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Complete sell-off
Six mutual funds made a complete exit from 12 smallcap stocks in March. AMCs add or exit stocks to actively manage their portfolios. Here is a detailed breakup, according to the report by Nuvama Institutional Equities
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HDFC Mutual Fund
HDFC Mutual Fund made a complete exit from three smallcap stocks in March. It exited Elecon Engg. Co, TCPL Packaging and TD Power Systems.
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SBI Mutual Fund
SBI Mutual Fund made a complete exit from three smallcap stocks in March. It exited Angel One, Indian Energy Exchange and Cohance Lifesciences
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Kotak Mutual Fund
Kotak Mutual Fund made a complete exit from only one smallcap stock in March. It made an exit from Indraprastha Gas.
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Axis Mutual Fund
Axis Mutual Fund made a complete exit from only one smallcap stock in March. It made an exit from TTK Prestige.
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Nippon India Mutual Fund
Nippon India Mutual Fund made a complete exit from three smallcap stocks in March. It made an exit from Honeywell Auto, Indiamart Inter., and Sudeep Pharma.
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ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund made a complete exit from only one smallcap stock in March. It made an exit from Aditya AMC.