Tuesday, September 21, 2021
HomeBanking and financeMFs sold YES Bank, Vodafone Idea; tweaked stakes in these Jhunjhunwala stocks

MFs sold YES Bank, Vodafone Idea; tweaked stakes in these Jhunjhunwala stocks


NEW DELHI: Home fund managers pared stakes in retail favourites and , and tweaked their holdings in sure Rakesh Jhunjhunwala-backed corporations, the month-to-month knowledge for August recommend.

Knowledge confirmed MFs held YES Financial institution shares price Rs 137 crore as on August 31 in contrast with Rs 155 crore on the finish of July. Throughout the month, they trimmed their holding within the personal lender to fifteen.15 crore shares from 17.67 crore shares. Retail and HNI investors owned 32.32 per cent stake within the lender on the finish of the June quarter.

Vodafone Thought — the place retail and HNI traders account for 17.73 per cent of the full 27.95 per cent public holding — additionally noticed promoting by mutual funds. These funds held 13.10 crore shares within the telecom operator as on August 31 in contrast with 30.04 crore shares as on July 31. In worth phrases, MFs now maintain Rs 80 crore price of Vodafone shares in contrast with Rs 248 crore shares earlier.


Lupin, the place Rakesh Jhunjhunwala holds shares price Rs 700 crore, was among the many high MF buys for the month. Mutual funds held 5.92 crore shares as on August 31 in contrast with 5.13 crore in July. In worth phrases, they owned Rs 5,668 crore price of Lupin shares in contrast with Rs 5,676 crore in July.

In Escorts, MFs held 88 lakh shares price Rs 1,184 crore at August-end, in opposition to 73 lakh shares price Rs 860 crore as of July-end. Jhunjhunwala owns about Rs 880 crore price of Escorts shares as of right this moment.

Table 2 (2)

Jhunjhunwala, usually known as Massive Bull, entered Indiabulls Housing and SAIL within the June quarter. Whereas SAIL was the funds’ greatest promote within the largecap pack, Indiabulls Housing was their greatest purchase within the smallcap pack, knowledge compiled by ICICI Direct suggests.

MFs held Rs 1,962 crore price SAIL shares at August-end, in opposition to Rs 2,987 crore at July-end. They owned Rs 344 crore price Indiabulls Housing shares as of August-end, up from Rs 277 crore at July-end. Jhunjhunwala owns about Rs 700 crore price of SAIL shares and simply over Rs 200 crore price of Indiabulls Housing shares.

Table 3

Jubilant Ingrevia, one other inventory Massive Bull has invested in, was on MFs’ promote radar. Funds minimize their holding on this inventory to Rs 38 crore from Rs 73 crore on a month-on-month foundation. In Edelweiss Monetary Companies, mutual funds’ holding fell to Rs 55 crore from 95 crore.



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