7 mutual funds reduced allocation in 21 smallcap stocks in June. Check details
By Surbhi Khanna, ET Online |
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Stake reduced
Around seven mutual funds reduced their allocation in 21 smallcap stocks in June. Fund houses add or sell stakes 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 trimmed holdings in three smallcap in June. It reduced its stake in Birlasoft, Gulf Oil Lubricants, and Bajaj Consumer in its portfolio.
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SBI Mutual Fund
SBI Mutual Fund trimmed its stake in three smallcap stocks in June: AAVAS Financiers, India Cements, and Carborundum Universal.
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Kotak Mutual Fund
Kotak Mutual Fund reduced its holdings in three smallcap stocks in June — Happy Forgings, K E C International, and Acutaas Chemical.
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Axis Mutual Fund
Axis Mutual Fund reduced stake in three stocks in June. It trimmed its holdings in Jyoti CNC Automation, Neogen Chemicals, and JM Financial in its portfolio.
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Nippon India Mutual Fund
Nippon India Mutual Fund reduced its stake in three smallcap stocks in June. It reduced its stake in Craftsman Auto, Bayer Crop Sciences, and Chalet Hotels in its portfolio.
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Quant Mutual Fund
Quant Mutual Fund reduced stake in three smallcap stocks in June: Viyash Scientific, NBCC, and Gland Pharma in its portfolio.
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ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund reduced stake in three smallcap stocks in June. It reduced its stake in Kalpataru Projects, International Ge, and Star Health Insurance in its portfolio.