Midcap and SmallCap has not been performing very well this year. Many of the Mutual funds houses have exited several midcap and smallcap stocks over the past quarter. Check you hold any of these stocks in your portfolio and then you can take a more informed view:
BNP Paribas Asset Management key exits: Shankara Building Products, Bharti Infratel, Galaxy Surfactants and Inox Leisure.
HSBC Asset management exited 23 stocks
Axis Mutual Fund key exits: Shankara Building Products, Canfin Homes, Apollo Tyres, Ajanta Pharma, RBL Bank
Canara Robeco Asset Management Key exits: SH Kelkar, Parag Milk Foods and Lakshmi Vilas Bank
Birla Sunlife Key exits: Reliance Naval, Just Dial, Narayana Hrudayalaya and Engineering and Jubilant FoodWorks
HDFC Fund key exits: Reliance Infra and Amara Raja Batteries;
Reliance Nippon MF exited : Maharashtra Seamless and Teamlease Services
Franklin Templeton exited: Pidilite and Ujjivan Financial Services
DSP Blackrock exited : Spicejet, Indian Terrain and KSB Pumps.
SBI MF sold off Mahindra Holidays and Repco Home.
BOI AXA Investment Managers exited : Minda Industries (up 1,182 per cent in 3 years), Avanti Feeds (up 6,627 per cent in five years), Thirumalai Chemicals (up 1,124 per cent in 3 years) and Somany Ceramics (up 600 per cent in five years).
It is good to know what mutual funds are exiting as it somehoe gives indication of the institutional view of that stock.
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