7 mutual funds trim stakes in 20 midcaps. Here’s how money moved in March

Around seven mutual funds pared their exposure to nearly 20 midcap stocks in March, as fund houses actively reshuffled portfolios to manage risk and optimise returns. Here’s a detailed break-up, according to a report by Nuvama Institutional Equities.

HDFC Mutual Fund trimmed its exposure to three midcap stocks—KEI Industries, IDFC First Bank, and JSW Infrastructure.

SBI Mutual Fund reduced its exposure to HPCL, Godrej Properties, and United Breweries.

Kotak Mutual Fund pared holdings in GE Vernova T&D India, Oberoi Realty, and Voltas.

The fund cut exposure to Ashok Leyland, Uno Minda, and Fortis Healthcare.

Nippon India Mutual Fund reduced its exposure to GE Vernova T&D India, IndusInd Bank, and Federal Bank.

Quant Mutual Fund trimmed holdings in SBI Cards, Piramal Finance, and Lloyds Metals.

The fund pared exposure to Bharat Forge, Supreme Industries, and FSN E-Commerce.