Several leading asset management companies (AMCs) have made significant exits from multiple stocks in their recent portfolio adjustments. The latest disclosures indicate that mutual funds such as SBI MF, ICICI Prudential MF, Nippon India MF, Kotak MF, UTI MF, and Axis MF have fully exited certain stocks, reflecting their changing investment strategies.
Stocks Exited by Leading AMCs
- SBI Mutual Fund has completely exited CG Power, Aditya Birla Real Estate, and MCX, signaling a shift away from these holdings.
- ICICI Prudential Mutual Fund has pulled out from Waaree Energies and Minda Corporation, likely reassessing exposure in these sectors.
- Nippon India Mutual Fund has sold off its entire stake in Zee Entertainment Enterprises (ZEEL), IRCTC, and Medanta, opting for a strategic realignment.
- Kotak Mutual Fund has exited Syngene International and Flair Writing, possibly reallocating funds to other high-growth opportunities.
- UTI Mutual Fund has completely offloaded Indraprastha Gas Limited (IGL), Bajaj Housing Finance Limited (Bajaj HFL), and Can Fin Homes, adjusting its portfolio mix.
- Axis Mutual Fund has exited Bajaj HFL and Thermax, suggesting a revised outlook on these companies.
This wave of exits indicates a cautious approach among fund houses, potentially in response to valuation concerns, changing market conditions, or sector-specific risks. Investors often track such moves closely as they can signal broader market trends and fund managers’ confidence in specific stocks.
(Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research before making investment decisions.)
