Stocks including Tata Motors, Adani Enterprises, Tata Elxsi, and Mazagon Dock Shipbuilders saw mutual funds’ holdings increase for the month of August. Conversely, fund houses decreased their holding in popular stocks like Suzlon, RITES and NBCC.

What Happened: Mutual Funds increased their holdings substantially in Tata Motors, Wipro, Adani Enterprises, Tata Elxsi, and Mazagon Dock Shipbuilders, according to data from Motilal Oswal. Among the Nifty 50 companies, Tata Motors saw the highest month-on-month net buying whereas among the Nifty Midcap-100, holdings in Tata Elxsi increased by more than 100%.

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In the month of August, mutual funds’ holdings in Tata Motors increased by 35.7% month-on-month to 39.75 crore shares worth ₹44,170 crore. Adani Enterprises saw holdings increase by 12.7% MoM to 2.46 crore shares. Mutual funds increased their holdings in IT major Wipro by 2.2% in the month, to 19.91 crore shares.

Tata Elxsi saw the highest increase with mutual funds more than doubling their holdings, with a 109% MoM increase to 10 lakh shares of the company. Mutual funds increased their holding in Mazdock by 16.4% MoM to hold 12 lakh shares of the company. RVNL saw a 5% MoM rise with mutual funds holding 23 lakh shares of the company.

Among Nifty Smallcap-100, IRCON saw mutual funds’ holdings jump by 8.3% MoM to 12 lakh shares whereas Cochin Shipyard saw a 4.1% rise to 68 lakh shares.

Overall, retail, healthcare, technology, insurance, and telecom sectors witnessed the maximum increase in value MoM, according to the brokerage.

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