Mutual Funds continue to trim positions in heavyweights in February

In February, continued to trim positions in heavyweights such as (Rs 2,800 crore), Bank (Rs 1,700 crore), (Rs 1,500 crore) and (Rs 1,400 crore) as investors continued to redeem money in equity schemes.

Positive flows were seen in (Rs 700 crore), IndusInd Bank (Rs 700 crore) and L&T (Rs 650 crore). Most large MFs remained underweight on banking and overweight on Mid-cap additions included (Rs 540 crore), IRCTC (Rs 430 crore) and (Rs 290 crore), while major reductions included Dixon Tech (Rs 440 crore), Max Fin (Rs 400 crore) and PI Industries (Rs 390 crore).

Small-cap additions were PVR (Rs 380 crore), Railtel (Rs 280 crore) and ESAB (Rs 230 crore) while key reductions were Engineers India (Rs 240 crore), Indian Energy Exchange (Rs 160 crore) and Just Dial (Rs 140 crore).


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First Published: Tue, March 16 2021. 01:02 IST

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