The Latest Breaking News from ACE MF

Mutual funds cut cash allocation by Rs 8,500 crore in August to Rs 1.82 lakh crore; ICICI Pru MF leads reduction

August witnessed a significant decrease in cash holdings among mutual funds, with a collective reduction of nearly Rs 8,502 crore across 27 asset management companies. Leading the charge, ICICI Prudential Mutual Fund cut back its cash by Rs 4,314 crore. In contrast, both Bandhan and Kotak Mutual Funds chose to…

The Economic Times · Sep 17

Quant Mid Cap Fund exits Reliance Industries and 3 others, adds BHEL, 1 other stock in June

Quant Mid Cap Fund exited Reliance Industries and three other stocks in June while adding BHEL and L&T Technology Services to its portfolio, according to ACE MF data. The fund sold 21.38 lakh RIL shares worth Rs 282 crore and also exited PB Fintech, Torrent Pharmaceuticals and Oracle Financial Services…

The Economic Times · Jul 16

JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocks

JioBlackRock Flexi Cap Fund exited Vedanta group companies following the demerger of the entities in June, according to monthly portfolio data from ACE MF. The fund sold 8.16 lakh shares each of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Oil and Gas after the demerged entities…

The Economic Times · Jul 9