IndusInd Bank, Tata Steel, Apollo Hospitals, and 28 other Nifty
stocks saw their mutual fund exposure rise in November. Nifty stocks like ONGC,
HUL, UltraTech Cement, Nestle India, and Sun Pharma saw increased interest from
mutual funds in the previous month. UPL, HDFC Life Insurance, Adani
Enterprises, Hindalco, and Adani Ports are examples of index constituents.At
the end of November, 92.59 crore shares were held by mutual funds, an 8 % increase. As of November 30, they held Tata Steel shares worth Rs 9,970 crore,
up 14 %. A total of 19 mutual funds held a stake in the steelmaker that
was less than 2%.IndusInd Bank's MF holdings increased by 3.9% month-over-month
in terms of the number of shares held; They held 3.3% more ONGC shares than
they did in October. Mutual funds increased their stakes in HUL, UltraTech
Cement, Nestle India, and Sun Pharma by 3%, 2.8%, 2.8%, and 2.7%, respectively.
In terms of value, the value of MF holdings in IndusInd Bank, ONGC, HUL,
UltraTech Cement, and Nestle India increased by 6%, 8%, 8.4%, and 1.8%,
respectively. This was in terms of an increase in the number of shares held
monthly.
Among stocks where they managed stakes included UPL, HDFC Life coverage and
Adani Ventures. Reduced stakes in UPL by 10.2 percent in value and 17.2 % in terms of the number of shares held. Shares held by mutual funds in HDFC Life
decreased by 10.2% month-over-month. The value of MF's HDFC Life holdings was
Rs 5,250 crore, down 2.1%. MF held 8.4% fewer shares in Adani Enterprises than
it did in October, probably to take advantage of the counter's profits. As of
November 30, MF held shares of Adani Enterprises worth Rs 6,720 crore, an
increase of 7.2% month-over-month.
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