News From Press Right before accounting crisis, MFs sold IndusInd Bank shares worth ₹1,600 crore in February

Right before accounting crisis, MFs sold IndusInd Bank shares worth ₹1,600 crore in February

Source: CNBC Mar 13, 2025

India's mutual funds sold shares worth ₹1,600 crore of Mumbai-based private lender IndusInd Bank Ltd. in the month of February, according to a report by Nuvama Alternative & Quantitative Research. The selling happened just a month prior to an accounting issue coming to light, that led to shares of the bank seeing their biggest single-day drop on record.

Click here to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

More articles you may wish to read

India’s 5th largest mutual fund distributor gifts shares worth Rs 33 crore to employees

Slowdown in health and motor segment drag non-life premiums in Feb

RVNL, Infosys among top stocks bought and sold by mutual funds in February

Banks, insurance, and burnout: The hidden cost of bancassurance model

Issue of AIFs circumventing regulations resolved: Sebi member

Life insurers' new business premium growth drops 11.6% in February

Sensex up nearly 900 points in March so far. How should mutual fund investors tweak their portfolios?

SIP share in smallcap AUM surged past 50% till March 2024, shows data

As govt gears up for 100% foreign investment, insurers push for resident Indians in 2 of 3 key posts

Latest claim settlement ratio of health and general insurance companies released by IRDA in 2025, Navi, Acko, Reliance General top the charts

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

What is your approach in dealing with market volatility?

Do nothing; after all volatility is a part of the game

Revisit asset allocation and rebalance client portfolios

Increase equity allocation selectively

EVENTS