By Admin 
Adani group: Mutual funds are gradually reducing their investment in the companies of Adani Group, which is a sign of steady decline in interest. In April, mutual funds have reduced their stake in eight listed companies. Shares worth more than Rs 1,160 crore were sold. At the same time, in March reduced its stake from four companies. The biggest disinvestment took place in Adani Enterprises, in which Mutual Fund reduced its stake over Rs 346 crore. This was followed by Adani Energy Solutions and Ambuja Cements at the second and third number. Of these, investment of Rs 302 crore and Rs 241 crore respectively was reduced.
Mutual funds just liked this company
Apart from this, shares have also been sold from ACC (Rs 124 crore), Adani Port and SEZ (Rs 7.7 crore) and Adani Total Gas (Rs 3.43 crore). The only share of Adani Group, in which Mutual Fund has increased its interest, is Adani Power. It has investment of Rs 102 crore. The same trend was seen in March as well. During this time, the rest of the Shares of Adani Group, except Adani Green Energy and Adani Enterprises, were seen selling. This trend of disinvestment has started from January, when the purchase of shares was limited to Rs 480 crore. In February, mutual funds reduced investment of about Rs 321 crore out of eight companies in this group.
Adani enterprise
34 mutual funds invested in Adani Enterprises. Quant Mutual Fund is the highest investment of Rs 1,620 crore. After this, SBI Mutual Fund is at number two with an investment of Rs 1,400 crore and ICICI Prudential Mutual Fund is at number three with an investment of Rs 623 crore. In April, Mutual Funds had about 2.71 crore shares of Adani Enterprises. Its price was Rs 6,257 crore.
Adani power
Adani Power has an investment of 22 mutual fund houses. In this too, the highest investment of Rs 2,725 crore is of Quant Mutual Fund. In April, these mutual funds had about 6.51 crore shares of Adani Power, which was priced at Rs 3,464 crore.
Also read:
Investment in RBI Bond to make your future in secure, bumper profits, there is no fear of risk; Learn full details