HDFC Bank, Trent among 10 stocks that saw the biggest decrease in mutual fund value in July
The monthly value decreased by Rs 171 billion to Rs 2,864 billion in July. In percentage terms it was a decline of 5.6%. The stock was bought by 11 funds and was sold by 10 funds.
In the month of July, ten stocks experienced the most significant month-over-month (MoM) decline in value among mutual funds, according to a report by Motilal Oswal Financial Services. The combined monthly value of these stocks saw a decrease of Rs 171 billion, amounting to Rs 2,864 billion, representing a decline of 5.6% in percentage terms.
One stock, with 11 funds buying and 10 funds selling, witnessed a monthly value decrease of Rs 71.6 billion to Rs 1,267 billion, a decline of 5.3%. Another stock, bought by 16 funds and sold by five, experienced a decrease of Rs 71 billion to Rs 1,028 billion, a decline of 6.5%.
The most drastic decline was observed in a stock bought by 11 funds and sold by 10 funds, with a monthly value dropping by Rs 23.8 billion to Rs 120 billion, a decline of 16.5%. Other stocks, with varying numbers of funds buying and selling, also saw declines ranging from 2.9% to 8.9%. The overall decline in the value of these ten stocks amounted to a significant Rs 171 billion in July.
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- HDFC Bank, Trent among 10 stocks that saw the biggest decrease in mutual fund value in July economictimes.indiatimes.com
