The stock market has been under pressure with fluctuations for the last 3 months. Many stocks are being adversely affected by the selling by foreign investors amid disappointment with the quarterly results. Seeing these market signals, big investors are reviewing their investments and withdrawing their investments from many stocks. Take a look at which stocks mutual funds have withdrawn the most money from during the December quarter. Keep in mind that only the performance of the funds is given here, this is not investment advice.

Which stocks saw the highest selling?

According to the data released by Prime Database, mutual funds sold 3.51 crore shares in HDFC Bank in the December quarter. The sale value was equal to Rs 6154 crore. Currently, mutual funds have 158.5 crore shares in HDFC Bank, which were around 162 crores till September. Apart from this, MFs sold about one crore shares in Voltas in the December quarter. This sale was worth about Rs 1691 crore. MFs had 8.06 crore shares in September which have come down to 7.08 crores. Funds have also sold shares in HCL Tech in large numbers during the December quarter. Funds have sold more than 81 lakh shares in the quarter; this sale was equal to about Rs 1516 crore. With this sale, the number of shares held by MFs has come down to 22.23 crores. Along with this, the funds have sold shares worth Rs 1355 crore in HAL, Rs 1296 crore in Mphasis, Rs 1271 crore in Oberoi Realty and Rs 1238 crore in Cummins India in December.