Large, mid and smallcap stocks that mutual funds bought and sold in March

Amid the ongoing froth in midcap and smallcap space, smallcaps saw outflows (Rs 1 billion) for the first time since September 2021 (31 months), suggesting a possibility of lumpsum withdrawals by investors amid Sebi and fund houses' efforts to curb inflows. Here is the list of large, mid and smallcap stocks that mutual funds bought and sold in March, according to the Mutual Fund Insights report by Nuvama.

From the smallcap space, mutual funds reduced their stakes in Amara Raja Energy, Bata India, IDFC, NMDC Steel, and Carborundum Universal.

Mutual funds made a complete exit from Force Motors, Network.18 Media, Assoc.Alcohols, JBM Auto, and GPT Infraproject.

The top entries were Gopal Snacks (IPO), Shakti Pumps, Wockhardt, Lancer Container, and Man Industries. The top additions in March were NLC India, AAVAS Financiers, Aster DM Health., Aditya AMC, and G R Infraproject.

The top holdings from the space were Blue Star, Carborundum Universal, Kalpataru Projects, Crompton Greaves Con, Multi Commodity Exchange.

The midcap stocks in which mutual funds slashed their holdings were Sundaram Finance, Ashok Leyland, The Ramco Cement, Lupin, APL Apollo Tubes.The top additions were Max Healthcare, Aurobindo Pharma, Indus Towers, Samvardhana Motherson and Jubilant Foodworks.The top holdings from the space were Indian Hotels Co, Persistent System, Coforge, Cummins India, Federal Bank.

In March, mutual funds made top reductions from these largecap stocks: State Bank of India, Jio Financial, Infosys, ICICI Bank and Shriram Finance. The fund houses made a new entry in Adani Enterprises.


The funds made top additions in TCS, ITC, Kotak Mahindra Bank, HDFC Bank and Reliance Industries.


The top holdings from the space were ICICI Bank, HDFC Bank, Reliance Industries, Larsen & Toubro, and Infosys.