Suzlon, YES Bank, Ola, Waaree, IRCTC see MF selling in Aug; Paytm, BDL top midcap buys

By Admin

15 Sep, 2025

The domestic mutual fund (MF) industry witnessed an interesting churn in August 2025 as fund managers reshuffled their portfolios amid market volatility. While some well-known names like YES Bank, Ola Electric, Suzlon Energy, Waaree Energies, and IRCTC faced selling pressure, others such as Paytm and Bharat Dynamics (BDL) emerged as top midcap picks.

Mutual Funds Turn Selective in August

According to MOFSL data, mutual funds were net buyers of 58% of the Nifty Midcap-100 index constituents. However, the buying was selective, with visible profit booking in certain high-flyers and accumulation in a few beaten-down counters.

YES Bank, Ola Electric, Premier Energies, Solar Industries, Suzlon Energy, and GMR Airports were among the stocks that saw MF selling last month. At the same time, Aditya Birla Fashion & Retail (ABFRL), Tata Elxsi, Adani Total Gas, IRB Infra, Vodafone Idea, and Waaree Energies also witnessed a notable drop in mutual fund holdings.

Key Reductions in MF Holdings

• ABFRL: MF holdings fell sharply by 42.3% MoM to 6.09 crore shares worth Rs 470 crore, despite the stock gaining 6% in August.
  
  

• Tata Elxsi: MF holdings declined 27.6% MoM to 10 lakh shares worth Rs 540 crore. The stock corrected 14% during the month.
  
  

• Adani Total Gas: Holdings dropped 27.6% MoM to 12 lakh shares.
  
  

• IRB Infra, Vodafone Idea & Waaree Energies: Each saw a 13–15% MoM decline in MF holdings. Interestingly, Waaree jumped 14% in August while IRB Infra and Vodafone Idea slipped 5–6%.
  
  

• YES Bank, Ola Electric, Vishal Mega Mart, KPIT Tech & IRCTC: These stocks saw a 4–11% MoM decline in shares held by MFs.
  
  

• Suzlon, Premier Energies & Solar Industries: Witnessed minor cuts to MF exposure.
  
  

Stocks That Saw Increased MF Interest

On the flip side, fund managers raised exposure in select midcaps:

• Tata Communications: MF holdings surged 28.7% MoM, although the stock slipped 10% during August.
  
  

• Paytm (One 97 Communications): MFs bought into the stock, which rallied 11% for the month.
  
  

• Bharat Dynamics (BDL): Despite an 11% fall in stock price, MFs increased their exposure.
  
  

• SAIL and Astral: Also featured among the top midcap buys.
  
  

Industry-Wide Trends

The overall equity assets under management (AUM) of domestic MFs (including ELSS and index funds) fell 0.6% MoM to Rs 36.2 lakh crore in August, impacted by weak market indices and slower sales of equity schemes. Net inflows into equity moderated to Rs 34,900 crore in August, down from Rs 45,000 crore in July, although the pace of redemptions eased.

Conclusion

The MF activity in August reflected a cautious stance by fund managers, who preferred trimming positions in some high-growth names while selectively adding to midcap stocks with long-term potential. The contrasting moves   selling in companies like YES Bank, Ola Electric, and Waaree, while buying into Paytm and BDL   underline the dynamic nature of fund flows in an uncertain market environment.