7 mutual funds made complete exit from 14 smallcap stocks in June. Check details
By Surbhi Khanna, ET Online |
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Complete sell-off
Seven mutual funds made a complete exit from nearly 14 smallcap stocks in June. Fund houses add or exit stocks to actively manage their portfolios. Here is a detailed breakup, according to a report by Nuvama Institutional Equities.
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HDFC Mutual Fund
HDFC Mutual Fund made a complete exit from only one smallcap stock in June. The fund sold Ramco Systems from its portfolio.
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SBI Mutual Fund
SBI Mutual Fund made a complete exit from two small cap stocks in June. The fund sold AAVAS Financiers and Indiamart Intermesh.
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Kotak Mutual Fund
Kotak Mutual Fund made a complete exit from only one smallcap stock in June. The fund sold Heritage Foods from its portfolio.
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Axis Mutual Fund
Axis Mutual Fund made a complete exit from three smallcap stocks in June. The fund sold JM Financial, Electronics Mart and Aequs.
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Nippon India Mutual Fund
Nippon India Mutual Fund made a complete exit from only one smallcap stock in June. The fund sold Ellenbarrie Industrial Gases from its portfolio.
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Quant Mutual Fund
Quant Mutual Fund made a complete exit from three smallcap stocks in June. The fund sold Gland Pharma, Exide Industries and Suven Life Sciences.
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ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund made a complete exit from three smallcap stocks in June. The fund sold Kalpataru Projects, Star Health Insurance and Sandhar Technologies.