Zee Entertainment, Anant Raj, LIC among 17 NIFTY500 stocks where mutual funds cut stake for 4th straight quarter

Zee Entertainment, Aegis Logistics, Cummins India, Anant Raj, Life Insurance Corporation of India, Mahindra & Mahindra Financial Services, NTPC, UNO Minda, CIE Automative and Star Health among others are 17 companies in the NIFTY500 index that have seen mutual funds consistently reduce their stakes over the last four quarters, data from Ace Equity showed.

While large-cap funds saw net outflows of ₹1,321 crore in July 2026, investors pivoted aggressively toward mid- and small-cap segments—with small-cap funds raking in ₹7,767.5 crore and mid-cap schemes attracting ₹6,192 crore.

Flexi-cap funds also saw healthy inflows of ₹4,709 crore during the month.

Zee Entertainment

Mutual funds reduced their stake in the media giant to 3.16% at the end of June quarter compared with 4.86% stake they owned at the end of the fourth quarter of the previous financial year.

Mutual funds have sharply reduced their stake in the company from 10.47% they owned at the end of the first quarter of the previous financial year.

Bandhan Large & Mid Cap Fund and HDFC Balanced Advantage Fund are the mutual fund schemes that have exposure to Zee Entertainment shares, data from BSE showed.

Last week, a tribunal approved a repayment plan under which Subhash Chandra, the promoter of Zee Entertainment, would pay ₹6.5 crore against admitted creditor claims of about ₹22,006.57 crore in his personal insolvency resolution process.

HDFC Bank said that it was considering filing an appeal against the NCLT order approving a repayment plan in the personal insolvency case of media baron Chandra, the lender said on Thursday.

Anant Raj

The Delhi-based real estate developer has seen mutual funds reduce their stake in the company to 3.04% at the end of the first quarter of current financial year from 3.23% they owned at the March quarter.

At the end of the first quarter of the previous financial year, mutual funds owned 4.46% stake in the company.

Tata Small Cap Fund is the only mutual fund scheme that has exposure to Anant Raj shares.

Life Insurance Corporation of India

The country's largest life insurance company has seen mutual funds reduce their stake in the company to 0.84% at the end of the first quarter of current financial year from 1.13% stake they owned at the end of March quarter.

The mutual funds held 1.24% stake in the company at the end of the first quarter of the previous financial year.

Life Insurance Corporation earlier this week reported a consolidated profit after tax of ₹13,492 crore for the April-June quarter of the 2026-27 financial year (Q1 FY27), reflecting a 22.81% year-on-year (YoY) jump.

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹10,986 crore.

Its net premium income surged 6.7% YoY to ₹1.28 lakh crore during the quarter, as against ₹1.20 lakh crore in Q1 FY26.

##LTM

The mutual funds have reduced their stake in the company to 4.12% from 4.33% stake they owned at the end of the previous quarter.

The fund houses owned 5.38% stake in the company at the end of the first quarter of the previous financial year.

Last month, LTM informed exchanges that it partnered with Anthropic to accelerate Claude adoption and expand enterprise delivery.

The company, in a regulatory filing dated July 13, stated that it has partnered with Anthropic, the frontier AI company behind Claude, to accelerate enterprise-scale adoption of Claude, Claude Code and Claude Cowork across engineering, modernisation, and business workflows.

Grasim Industries

The country's leading cement maker has seen mutual funds reduce their stake to 6.38% at the end of the first quarter of the current financial year from 6.63% stake they owned in March quarter.

They owned 7.06% stake in the first quarter of 2025.

The Aditya Birla Group flagship company earlier this month reported a standalone net profit of ₹247 crore in April-June period compared with a loss of ₹118 crore in the same period last year.

The company's revenue advanced 28% to ₹11,795 crore in in June quarter compared with ₹9,223 crore in the year-ago period. The company recorded its highest revenue led by double engine momentum from both Core and Growth businesses supported by favourable product mix and pricing environment.

Grasim Industries reported strong operational performance as its earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 147% to ₹950 crore and its EBITDA margin improved by 3.9 percentage points to 8.05%.

Aegis Logistics, Cummins India, Vardhman Textiles, NLC India, GE Vernova T&D, REC and Nuvoco Vistas also saw mutual fund houses reduce stakes the first quarter of the current fiscal.