As Nifty rallies 9%, MFs trim stakes in 3 of every 5 index stocks in July

Data showed mutual funds cut stakes in 29 of 50 index constituents, with JSW Steel, Wipro, Bajaj Auto and Tata Steel among stocks on their sell radars. HDFC Life Insurance, Tata Motors, Maruti Suzuki, UPL and ONGC were, on the other hand, stocks where they bought additional stakes during the month.

As Nifty rallies 9%, MFs trim stakes in 3 of every 5 index stocks in July
Data showed mutual funds cut stakes in 29 of 50 index constituents, with JSW Steel, Wipro, Bajaj Auto and Tata Steel among stocks on their sell radars. HDFC Life Insurance, Tata Motors, Maruti Suzuki, UPL and ONGC were, on the other hand, stocks where they bought additional stakes during the month.