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319 mutual funds have investments in Tata Motors shares: Have you invested in any? [Video]

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Global Marketing Strategies

Shares of Tata Motors soared to 52-week high in early trade on Tuesday (March 5) spurred by news of the company’s board approving a proposal to demerge its business into two separate listed entities. As per data from Value Research, a total of 319 mutual funds have investments in Tata Motors as of February, 2024.

The total shares held by mutual funds as of February 29 stood at 326.81 crore.

Several fund houses have exhibited varied holding trends over the past few months, reflecting their strategies amidst changing market dynamics.

Mutual Funds’ holding trends in Tata Motors – January 2024:

The data shows that mutual funds capitalised on Tata Motors’ upward trajectory in January 2024, booking profits of approximately ₹1,441 crore.

This resulted in a reduction of collective holdings from 34.58 crore shares in December to 32.80 crore shares, according to Moneycontrol report.

SBI Mutual Fund led the selling spree in January, offloading over 58 lakh shares worth ₹476 crore, the report said.

Axis and …

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