Bandhan Bank, Godrej Consumer among top large cap stocks sold by MFs in Jan

New Delhi, Feb 17 : As equity and equity-linked mutual fund schemes continue to witness outflow of funds, Bandhan Bank, Godrej Consumer and Abbott India Ltd were among the top stocks to be sold by mutual funds in the month of January.
As per the data from the Association of Mutual Funds in India (AMFI), equity-linked mutual fund schemes saw a net outflow of Rs 9,253.22 crore last month.
The net outflow stood at Rs 10,147.12 crore in December, Rs 12,917.36 crore in November, Rs 2,724.95 crore in October, and Rs 734.40 crore in September.
Equity funds have witnessed net outflow for the last seven months, largely due to profit booking by traders. A report by ICICI Direct said: “Total outflow in the last seven months is now at Rs 42,000 crore. Investors continue to book profit at higher level.” The holding of mutual funds in Bandhan Bank in the end of January stood at 3.8 crore shares with a market value of Rs 1,176 crore, down from 5.35 crore with a market valuation of Rs 2,153 crore in December, the report said.
Similarly, the value of mutual fund holding in Godrej Consumer Products Ltd came down to Rs 1,452 crore in January from Rs 1,757 crore in December.