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Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech, Hindustan Aeronautics, and Mphasis, indicating a shift in investment strategies.
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The 2025 Budgets tax relief is set to boost disposable income, benefiting discretionary sectors like apparel, QSR, travel, and entertainment, believes Deepak Ramaraju, Senior Fund Manager, Shriram AMC. Banking, financial services, and capital markets may also gain as savings and investments rise, supporting broader economic expansion.
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Quant Small Cap Fund exited Mazagon Dock and reduced stakes in Cochin Shipyard and HUDCO. The fund increased exposure in Aster DM Healthcare, Juniper Hotels, and other stocks, while adding new stocks Equinox India Developments and Alivus Life Sciences. Assets under management totaled Rs 25,183 crore.
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