SBI Fund Management Unlisted Shares

Mutual funds sold Rs 1441 crore worth of Tata Motors shares in Jan

money control

2 min read

Mutual Funds Garner Rs 1441 Crore Profit in January, SBI MF Leads Strategic Selling

Expert analysis:

Profitable Moves: Mutual funds capitalize on Tata Motors' upswing, securing around Rs 1441 crore profit in January.
Reduced Holdings: Collective holdings reduced to 32.80 crore shares from 34.58 crore shares in December, selling approximately 1.78 crore shares.
Impressive Stock Surge: Tata Motors stock rose nearly 2.5x in the financial year, with strong sentiment after a robust December quarter, which showed a 25% rise in revenues and a 137% increase in net profit YoY.
Selling Spree Leaders: SBI Mutual Fund leads January's selling spree, offloading over 58 lakh shares worth Rs 476 crore. Axis and Bandhan Mutual Funds follow, selling over 28 lakh shares and 16 lakh shares worth Rs 225 crore and Rs 132 crore, respectively.
Strategic Buyers: Mirae Assets MF increases Tata Motors shares by around Rs 84 crore in January, with HSBC MF and Franklin Templeton MF adding around Rs 65 crore and Rs 60 crore to their portfolios, respectively.
Post-Sale Holdings: SBI Mutual Fund retains the lead in Tata Motors stakes, holding over 7.96 crore shares worth Rs 7034.44 crore, followed by Axis and UTI Mutual Fund.
Consistent Stock Rise: Tata Motors stock has risen for four consecutive months, boasting a 26% increase in 2024. It has shown consistent gains since January 2023, with negative returns only in February, August, and October.

Takeaways

Retained Significance:
- Tata Motors remains pivotal in mutual fund portfolios despite profit-taking, reflecting sustained confidence.
Strategic Profit-Taking:
- SBI Mutual Fund's leading role in January's selling indicates a balanced approach, optimizing short-term gains while maintaining a long-term bullish outlook.

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