JioBlackRock Flexi Cap Fund exits ITC, BSE, MCX, TCS and 17 more, trim exposure in HDFC Bank, Adani Energy and 16 others
JioBlackRock Flexi Cap Fund made notable exits from various stocks including ITC and Tata Consultancy Services. The fund also reduced its exposure in HDFC Bank and other stocks during October. Additionally, it added around 13 new stocks to its portfolio, enhancing diversity. Notably, the fund increased its holdings in Punjab National Bank and Bank of India significantly.
In October, the JioBlackRock Flexi Cap Fund sold its complete stake in ITC, BSE, MCX, and TCS, along with 17 other stocks, as per monthly portfolio data released by ACE MF. The fund also decreased exposure in HDFC Bank, Adani Energy Solutions, and 16 more stocks during the same period. In October, the fund sold 4.15 lakh shares of ITC, worth a market value of Rs 10.92 crore.
The other 17 stocks were sold off, with Yes Bank having the largest share sold at 1.82 crore shares. The fund also reduced its exposure in 18 stocks, selling 3.94 lakh shares of HDFC Bank, and had 22.47 lakh shares in its portfolio, down from 26.41 lakh shares the previous month. Additionally, the fund sold 1.25 lakh shares of Adani Energy Solutions, bringing its portfolio down to 1.45 lakh shares.
The fund added 13 new stocks and increased its exposure in 27 stocks during October, with Punjab National Bank and Bank of India being the most significant additions. The fund remains unchanged in 71 stocks, with an overall allocation spread across 30 sectors, with the highest allocation to banks at 20.22%.
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