Mutual Funds Aggressively Sold these Stocks in April. Do you hold any ?
- Remin Francis I R
- May 19
- 2 min read
Updated: Jun 16
Reliance Ltd, Hyundai Motors India Ltd, ITC Ltd and much more..... IN FOCUS
April 2025 witnessed a dynamic reshuffling in portfolios across major asset management companies (AMCs), offering a clear glimpse into the evolving preferences of fund managers. Leading mutual funds actively bought into large-cap names and strategically exited others, indicating shifts in sentiment driven by valuations, earnings visibility, and sectoral positioning.
Reliance Industries Ltd. stood out as a favored stock, with a significant number of AMCs increasing their exposure. Notably, ICICI Prudential India Opportunity Fund raised its stake by 80.14%, while SBI Bluechip Fund made a bold move with a 31.82% increase. Nippon India Large Cap Fund added 12.28% to its holdings, and Kotak Multicap Fund significantly upped its allocation by 142.86%. Axis Bluechip Fund, too, increased its stake substantially by 61.65%. These moves underline a renewed institutional confidence in Reliance's long-term fundamentals, possibly driven by its growing presence in the new energy and digital services space.
In contrast, ITC Ltd. presented a more mixed picture. ICICI Prudential Bluechip Fund reduced its holding by 17.98%, while Quant Mid Cap Fund made a complete exit, trimming its position by 100%. However, Nippon India Large Cap Fund dramatically increased its stake by 471.50%, betting on the consumption theme? Bharti Airtel and ICICI Bank were notable among the major portfolio reductions.
Meanwhile, Hyundai Motor India Ltd. emerged as a strong addition to portfolios, especially in the large-cap and flexi-cap categories. ICICI Prudential Bluechip Fund increased its stake by 38.66%, followed by Franklin India Bluechip Fund at 72.42%. HDFC Flexi Cap Fund also participated, upping its allocation by 24.51%.
Beyond individual stock movements, several AMCs made strategic fresh entries that highlight emerging sectoral preferences. Max Financial Services was added by SBI Mutual Fund, suggesting renewed confidence in the insurance space. The metals sector also attracted interest, with NALCO being newly bought by HDFC Mutual Fund and Nippon India Mutual Fund, while SAIL saw a fresh entry from ICICI Prudential Mutual Fund. The iconic tyre manufacturer MRF found favour with SBI Mutual Fund, Axis Mutual Fund, and DSP Mutual Fund, reflecting optimism in the auto ancillary space.
On the flip side, some AMCs made complete exits from certain stocks, signalling a loss of conviction or tactical repositioning. SBI Mutual Fund fully exited Karur Vysya Bank, while OLA Electric Mobility and Can Fin Homes were dropped by SBI Mutual Fund and ICICI Prudential Mutual Fund, respectively. Additionally, ICICI Prudential Mutual Fund also made a complete exit from Berger Paints India, perhaps reflecting concerns over valuations or margin pressures in the paints segment.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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