Explore Now NEW DELHI: HDFC Mutual Fund bought Tata Motors shares with both hands in January, along with some midcap non-banking financial companies even as the fund house dumped some of the biggest names from the Nifty50 index. The fund management team led by Prashant Jain pounced on Tata Motors, buying 2.47 crore shares of the automaker. The stock has gained momentum in the past couple of months thanks to better-than-expected performance and a possible deal with Tesla. The fund house also bought 10-95 lakh shares of NHPC, M&M Financial Services, Sun Pharma, Bharat Heavy Electricals Limited (BHEL), Lupin, Equitas SFB, Jindal Steel and Power and Coal India in hopes of a solid boosted for these companies from a domestic economic recovery.