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VERIFIEDET Markets·negative
Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April
AI Summary
- ·Mutual funds sold Rs 17,000 crore worth of shares in 10 major stocks during April.
- ·The sell-off included holdings in companies like HDFC Bank and Wipro.
- ·Reasons cited for the profit booking include earnings risks, geopolitical uncertainty, and high valuations.