There was a lot of selling in the stock market during the month of December. BSE Sensex has declined by about 2.02% this month. During this period, Indian mutual funds have also reduced their stake in many stocks during the month of December. These include shares like HDFC Bank, Coal India, Tata Consultancy Services and Suzlon Energy. Here we are telling you about 10 such stocks in which mutual funds have reduced stake. (These data have been collected by Prime Database.)
1. HDFC Bank
Mutual funds have reduced their stake in HDFC Bank during the month of December. According to Prime Database data, mutual funds’ stake in HDFC Bank declined to 19.75% at the end of December, compared to 19.89% as of November.
2. ITC
Mutual funds have reduced their stake in ITC during December. They held 13.02% stake as of November, while mutual funds’ stake in the stock has declined to 12.85% by the end of December.
3. Hindustan Aeronautics Ltd
Based on shareholding pattern for the September quarter, mutual funds held 5.10% stake in the company. However, the mutual fund’s stake in HAL declined to 4.64% at the end of the December quarter.
4. Titan
Mutual funds reduced their stake in the stock during December. Mutual funds’ stake in the stock declined to 5.97% at the end of December, while they held 6.28% by November 2024.
5. TCS
Mutual funds have reduced their stake in the stock in December. Mutual funds’ stake in the stock has declined to 4.33% at the end of December, compared to 4.39% by November 2024.
6. Bajaj Finance
As of December 2024, mutual funds held 9.54% stake in the company. The mutual fund house has reduced its stake in the stock to 9.73% in the November quarter.
7. REC Ltd
Mutual funds have reduced their stake in this stock in December. Now at the end of December, the stake of mutual funds in this stock has come down to 8.49%, whereas till November 2024 they had 9.04% stake.
8. Bajaj Auto
Mutual funds have reduced their stake in the stock in December. Now, mutual funds’ stake in the stock has come down to 6.20% at the end of December, whereas they held 6.49% by November 2024.
9. Coal India
Mutual funds have reduced their stake in this stock in December. Now at the end of December, the stake of mutual funds in this stock has come down to 10.83%, whereas till November 2024 they had 11.08% stake.
10. Suzlon Energy
Mutual funds have reduced their stake in this stock in December. Now the stake of mutual funds in this stock has come down to 4.44% at the end of December, whereas till November 2024 they had 4.72% stake.
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