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Mutual funds reduced holdings and exited several midcap and smallcap stocks. Notable exits include Capri Global, Rama Steel Tubes, and SJVN. Meanwhile, funds reduced exposure to City Union Bank, Ashok Leyland, and Life Insurance Corp of India.
Fund houses that picked more HDFC Bank shares in Feb were HDFC MF, DSP Mutual Fund, Franklin Templeton, and ICICI Prudential. A similar trend was seen in January as well when fund managers bought shares of HDFC Bank worth Rs 13,849 crore to take advantage of the dip in share prices following the disappointment in Q3 results.
These are stocks that mutual funds bought and sold in February.
Stocks to watch: Shares of firms like Indigo, Adani Ent, HDFC Bank, RIL, Zee Ent, RVNL, and others will be in focus on Monday's trade.
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