Mid Cap Stocks Bought and Sold by Mutual Funds in October 2024

In October 2024, Mutual Funds made significant changes to their portfolios, including adding and reducing stakes in various Mid Cap stocks. During this period, stocks like Tata Chemicals, 360 One WAM, and Angel One saw increased buying, while shares in RBL Bank and CDSL were reduced.

According to a report by Nuvama Wealth, here’s a look at the Mid Cap stocks that Mutual Funds bought and sold in October 2024.

Mid Cap Stocks Bought by Mutual Funds in October

• 360 One WAM: Mutual Funds bought 5.4 million shares in October.
  • Total Holding: 28.7 million shares (by the end of October)
• Tata Chemicals: Asset Management Companies (AMCs) purchased 4.5 million shares in October.
  • Total Holding: 25.4 million shares
• KEI Industries: Mutual Funds added 1.2 million shares.
  • Total Holding: 13.2 million shares
• Angel One: 1.4 million shares were purchased in October.
  • Total Holding: 10 million shares
• AIA Engineering: Mutual Funds acquired 0.9 million shares in October.
  • Total Holding: 18.3 million shares

Mid Cap Stocks Sold by Mutual Funds in October

• RBL Bank: Mutual Funds sold 44.9 million shares in October.
  • Total Holding: 80.6 million shares
• CDSL: AMCs reduced their holding by 3.4 million shares.
  • Total Holding: 24.1 million shares
• MCX: Mutual Funds decreased their stake by 0.7 million shares.
  • Total Holding: 17.2 million shares
• Manyavar: 3 million shares were sold in October.
  • Total Holding: 20.6 million shares
• Piramal Enterprises: The stake was reduced by 3.2 million shares.
  • Total Holding: 14.4 million shares

Investor Takeaway

Changes in Mutual Fund portfolios indicate which sectors and companies are considered to have higher growth potential. This list shows that sectors like Chemicals, Finance, and Infrastructure saw increased buying, while Banking and Trading Platforms saw reduced stakes.