News From Press Large-caps make up 90% of MF sell-offs

Large-caps make up 90% of MF sell-offs

Source: Mint Mar 12, 2021

Nine out of 10 stocks sold by mutual funds in February were index heavyweights, or large-caps, amid continuing withdrawal of investments from equity schemes, data showed.

During the month, mutual funds continued to trim positions in heavyweights with the highest withdrawals in Bharti Airtel ( ₹2,800 crore), HDFC Bank ( ₹1,700 crore), Reliance Industries ( ₹1,500 crore) and HDFC Ltd ( ₹1,400 crore), according to data sourced from Edelweiss Alternative Research and ACE MF.

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