RIL, HDFC Bank among 18 stocks from which these 7 mutual funds reduce their exposure in April
1/8
Exposure reduced
Seven mutual funds reduced their exposure in nearly 18 stocks in April. Fund houses add or exit stocks to actively manage their portfolios and deliver good returns. Here is a detailed breakup, according to a report by Nuvama Institutional Equities.
2/8
HDFC Mutual Fund
The fund house reduced its exposure in three stocks in April. It reduced its exposure in ONGC, TCS and Sun Pharma Industries.
3/8
SBI Mutual Fund
The fund house reduced its exposure in three stocks in April. It cut its exposure in Hindalco Industries, Kotak Mahindra Bank and SBI Life Insurance.
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4/8
Kotak Mutual Fund
The fund house reduced its exposure in three stocks in April. It slashed holdings in Wipro, GE Vernova T&D India and HCL Technologies.
5/8
Axis Mutual Fund
The fund house reduced its exposure in three stocks in April. It reduced its exposure in Kotak Mahindra Bank, HDFC Bank and Infosys.
6/8
Nippon India Mutual Fund
The fund house reduced its exposure in three stocks in April. It reduced its exposure in Reliance Industries, UltraTech Cement and IndiGo (Interglobe Aviation).
7/8
Quant Mutual Fund
The fund house reduced its exposure in three stocks in April. It reduced its exposure in HDFC Bank, Jio Financial and Bajaj Auto.
8/8
ICICI Prudential Mutual Fund
The fund house reduced its exposure in three stocks in April. It reduced its exposure in Reliance Industries, Bharti Airtel and Bank of Baroda.