For the month of October, mutual funds were seen infusing money into midcap public sector stocks such as Suzlon Energy, Rail Vikas Nigam, Yes Bank and Vodafone Idea.

What Happened: Mutual Funds were net buyers in 56% of the stocks among the Nifty mid cap firms for the month as per a research note by Motilal Oswal.

Mutual funds bought 54.27 crore shares of Suzlon in the month, representing a 5.9% month-on-month increase. Its total value stood at ₹3,630 crore. Rail Vikas Nigam saw mutual funds buying 31 lakh shares in October — a jump of 12.6%.

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Mutual funds picked up 6.5 crore shares of Yes Bank, a 6.6% increase from September. Debt-ridden Vodafone Idea had mutuals funds buy 277.4 crore shares, an increase of 7.5% from the previous month. In September, the two companies had fallen out of favour.

Mutual funds dumped 257.98 crore shares of the debt-ridden telco. Yes Bank saw mutual funds selling 6.1 crore shares in September.

Among the Nifty midcap firms, the highest month-on-month net buying was seen in Bank of Maharashtra, IDFC First Bank, Tata Chemicals, Aditya Birla Capital and Poonawalla Fincorp. On the other hand, Steel Authority of India, Bandhan Bank and Escorts Kubota were the top three companies from which mutual funds pared their stakes.

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