This was despite inflows continuing in the midcap and smallcap funds categories.
In the largecap segment, selling was prominent in the consumer space. Pidilite Industries, Marico, Berger Paint, Tata Consumer Products, and Trent were among the largecap bets that saw the highest selling by MFs last month, according to a report by ICICIdirect.
In value terms, their holding in these stocks dropped to Rs 18,855 crore in August, from Rs 19,433 crore in July.
Besides the above-mentioned stocks, Siemens, Tube Investments of India, Indian Oil Corporation, Torrent Pharmaceuticals, and Dr Reddy’s Laboratories were also offloaded by MFs.
Here’s a summarisation of the stocks that faced selling pressure from mutual funds in the midcap and smallcap segments in August.
Midcaps
GMR Airports Infrastructure, Ashok Leyland, Supreme Industries, Bharat Heavy Electricals, Piramal Enterprises, LIC Housing Finance, Astral Ltd, Escorts Kubota, Tata Chemicals, and HDFC Asset Management were the stocks that saw the highest selling by mutual funds last month.In value terms, their holding was Rs 33,952 crore in August, compared to Rs 37,491 crore a month ago.
Supreme Industries, Tata Communications, and Ashok Leyland were also midcap stocks that witnessed selling by mutual funds.
Smallcaps
Anupam Rasayan, Campus Activewear, Camlin Fine Sciences, Globus Spirits, Mahanagar Gas, Dreamfolks Services, Dwarikesh Sugar, Tanla Platforms, Jupiter Wagons, and SIS were the stocks that saw the highest selling by mutual funds.
In value terms, their holding was Rs 1,335 crore in these stocks in August, compared to Rs 2,100 crore a month ago.
Besides these stocks, VIP Industries, and Nuvoco Vistas Corp were also sold by mutual funds.
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