7 mutual funds make complete exit from 18 smallcap stocks in April. Check details
By Surbhi Khanna, ET Online |
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Complete selloff from smallcaps
Seven mutual funds made a complete exit from around 18 smallcap stocks in April. Fund houses add or sell stocks to actively manage their portfolios and generate good returns. 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 April. It sold Inventurus Knowledge from its portfolio.
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SBI Mutual Fund
SBI Mutual Fund made a complete exit from three smallcap stocks in April. It sold Triveni Turbine, KNR Construction and Sanofi India from its portfolio.
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Kotak Mutual Fund
Kotak Mutual Fund made a complete exit from two smallcap stocks in April. It sold Apollo Pipes and Jupiter Life Line Hospitals from its portfolio.
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Axis Mutual Fund
Axis Mutual Fund made a complete exit from three smallcap stocks in April. It sold Gabriel India, Sharda Motor and Honeywell Auto from its portfolio.
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Nippon India Mutual Fund
Nippon India Mutual Fund made a complete exit from three smallcap stocks in April. It sold Aeroflex, Aditya Infotech and Credo Brands from its portfolio.
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Quant Mutual Fund
Quant Mutual Fund made a complete exit from three smallcap stocks in April. It sold Aarti Industries, Aptus Value Housing and Vinati Organics from its portfolio.
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ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund made a complete exit from three smallcap stocks in April. It sold Ather Energy, Balrampur Chini and CPCL from its portfolio.
