Indian mutual funds (MFs) cut their holdings in Nifty stocks in January, as retail investors continued to withdraw money from equity schemes with indices setting new records.
In January, local MFs trimmed their positions in Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd, PowerGrid Corp. of India and Tata Consultancy Services Ltd, according to data sourced from Edelweiss Alternative Research and ACE MF.
