SBI Mutual Fund, one of India’s largest mutual fund houses by asset size, fully exited KEC International in November. Other notable mutual funds, including ICICI Prudential Mutual Fund, sold their stakes in various companies. ICICI Prudential MF completely exited from Jio Financial Services, JSW Energy, and Premier Energies. This information is based on data from ET Intelligence and Accord Fintech. While SBI Mutual Fund’s exit from KEC International is significant, it is not the only case of a complete exit by a top mutual fund. It will be important to monitor these exits to gauge trends in the Indian stock market and identify potential opportunities or red flags for investors.
Six top-performing mutual funds exited 13 stocks in November, including Jio Financial Services and Adani Ports, marking notable changes in their investment portfolios.
by Team Small News | Dec 14, 2024 | Adani Ports & Special Economic Zone, Jio Financial Services, JSW Energy | 0 comments