Mutual Fund Activity in March 2026: HDFC MF, SBI MF, and Others Exit Multiple Stocks

7 major mutual fund houses made complete exits from 18 stocks in March, reflecting active portfolio management strategies. According to a report by Nuvama Institutional Equities, these changes highlight how asset management companies adjust holdings based on market conditions, valuations, and investment outlook.

Moves By HDFC And SBI Mutual Funds

HDFC Mutual Fund exited three stocks during the month, selling holdings in Elecon Engineering Company, TCPL Packaging, and TD Power Systems.

Similarly, SBI Mutual Fund made a complete exit from three stocks, including ITC Limited, Godrej Properties, and Angel One.

Other Fund Houses And Their Exits

Kotak Mutual Fund exited one stock, selling its stake in Indraprastha Gas Limited. Axis Mutual Fund made three exits, including Nifty Bank, Eicher Motors, and Tata Power.

Nippon India Mutual Fund exited Grasim Industries, Honeywell Automation India, and IndiaMART InterMESH.

Quant And ICICI Prudential MF Activity

Quant Mutual Fund sold holdings in Wipro, Oil and Natural Gas Corporation, and Tata Steel.

Meanwhile, ICICI Prudential Mutual Fund exited two stocks, including Mankind Pharma and Aditya Birla Sun Life AMC.

Also Read: PPFAS Mutual Fund, HDFC Mutual Fund Among Six AMCs With₹10,000 Crore-Plus Cash Holdings in March 2026!

Conclusion

The broad-based exits across multiple sectors indicate a strategic reshuffle by mutual funds in response to market dynamics. Such moves reflect evolving investment strategies, valuation concerns, and sectoral outlook. Investors can track these changes for insights, but should align decisions with their own financial goals and risk appetite rather than relying solely on institutional activity.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.