HDFC Bank, Trent among 10 stocks that saw the biggest decrease in mutual fund value in July
Ten stocks saw the biggest month-on-month decline in mutual fund holdings in July, led by HDFC Bank, Axis Bank and L&T. Varun Beverages, Dr Reddy’s Labs, BOB and Avenue Supermarts also recorded significant reductions, reflecting mixed buying and selling activity among mutual funds across major stocks.
In July, ten stocks saw the largest month-over-month decrease in value as held by mutual funds, according to a report by Motilal Oswal Financial Services. The overall fund value fell by Rs 171 billion to Rs 2,864 billion, representing a 5.6% decline. These stocks were traded among 11 funds buying and selling each.
The next most significant decline came from a stock valued at Rs 1,267 billion, which fell by Rs 71.6 billion to Rs 1,267 billion, or 5.3%. This stock attracted the interest of 16 funds and saw sales from five.
The third-largest drop was observed in a stock worth Rs 1,028 billion, which dipped by Rs 71 billion to Rs 1,028 billion, marking a 6.5% decrease. It was owned by 11 funds and sold by 10.
A stock valued at Rs 120 billion saw the steepest decline of 16.5%, reducing by Rs 23.8 billion to Rs 120 billion. Eight funds bought and twelve sold this asset.
Other notable declines included a stock worth Rs 228 billion, which dropped 8.9% to Rs 228 billion after being bought by eight and sold by twelve funds.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- HDFC Bank, Trent among 10 stocks that saw the biggest decrease in mutual fund value in July economictimes.indiatimes.com
