Voda Idea, Ruchi Soya, ZEE among top 10 midcaps MFs bought in April

NEW DELHI: , and Zee Entertainment were among midcap stocks that domestic mutual funds (MFs) bought in April. On the other hand, , and were among ones they sold last month.

In April, domestic MFs saw total inflows into equity funds declining to Rs 15,900 crore from Rs 28,500 crore in March. Ex-NFOs and ex-ELSS schemes, inflows into equity funds fell to Rs 12,500 crore in April from Rs 17,600 crore in March, an ICICIdirect report suggested.

Fund managers held 2.43 crore shares of L&T Finance Holdings at the end of April, amounting to Rs 213 crore compared with 1.37 crore shares in March valued at Rs 110 crore.

Mutual funds increased their stake in Vodafone Idea to 36.27 crore shares from 22.94 crore shares, with their holding value in the telecom operator rising to Rs 345 crore from Rs 221 crore month-on-month (MoM).

MFs held Rs 3,356 crore worth of shares at April end against Rs 2,165 crore at March end, as they increased stake in the private lender to 10.04 crore shares from 7.04 crore shares.

In , MF exposure increased to Rs 2,353 crore from Rs 1,623 crore in March. In Zee Entertainment, funds held Rs 4,647 crore worth of shares as of April 30 compared with Rs 4,291 crore as of March 31. In , their exposure rose to Rs 1,573 crore from Rs 1,326 crore MoM. Ruchi Soya, , Nippon Life India AMC and were some other stocks wherein MFs increased their exposure in April.

Meanwhile, mutual funds were seen selling shares of Escorts. They held 55 lakh shares of Escorts in April against 80 lakh in March. The holding value fell to Rs 902 crore from Rs 1,353 crore MoM.

Aditya Birla Sun Life AMC, Syngene International, , , and L&T Technology Services were some of the other companies where MFs cut stakes last month.