Mutual Funds: There is a continuous disastrous decline in the Indian stock market. This decline released since September 2024 is not taking the name of stopping even after several months. Due to this decline in the market, where the stock portfolio of investors has been ruined on one hand. On the other hand, the portfolio of mutual fund investors has also been destroyed. In the last few days, there has also been indiscriminate decline in mid -cap stocks. In such a situation, many mutual fund companies have started withdrawing money from mid -cap stocks.
6 mutual fund companies withdraw money from 9 shares
We have information about 6 such mutual fund companies, who have withdrawn all the money from 9 different mid-cap stocks, not 20-30 or 40-50 percent. Let’s know the entire details about this.
HDFC Mutual Fund sold all shares of Tata Chemicals
In view of the devastating decline in mid-cap stocks, 6 mutual funds have withdrawn money from 9 different mid-cap stocks. HDFC Mutual Fund withdraws money by selling 37.17 shares of Tata Chemicals in January. SBI Mutual Fund has sold around 1.52 lakh shares of Persistant System. Axis Mutual Fund has withdrawn money by selling 5.64 lakh shares of Tata Technology.
Zee Entertainment and IRCTC shares also sold
Nippon India Mutual Fund has withdrawn all the money by selling shares of IRCTC along with Zee Entertainment. This Mutual Fund House has sold 1.78 crore shares of G Entertainment and 7.64 lakh shares of IRCTC. Quant Mutual Fund has sold 1.47 crore shares of Poonawala Fincorp in January, 9.94 lakh shares of Ramco Cement. Apart from this, this company has also withdrawn money from Gland Pharma. Whereas, ICICI Prudential Mutual Fund has withdrawn money by selling 7.34 lakh shares of Indian Hotels.
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