In February, mutual funds continued to trim positions in heavyweights resembling Bharti Airtel (Rs 2,800 crore), HDFC Financial institution (Rs 1,700 crore), Reliance Industries (Rs 1,500 crore) and HDFC (Rs 1,400 crore) as buyers continued to redeem cash in fairness schemes.

Constructive flows have been seen in NTPC (Rs 700 crore), IndusInd Financial institution (Rs 700 crore) and L&T (Rs 650 crore). Most giant MFs remained underweight on banking and chubby on capital items. Mid-cap additions included SAIL (Rs 540 crore), IRCTC (Rs 430 crore) and Jindal Metal (Rs 290 crore), whereas main reductions included Dixon Tech (Rs 440 crore), Max Fin (Rs 400 crore) and PI Industries (Rs 390 crore).

Small-cap additions have been PVR (Rs 380 crore), Railtel (Rs 280 crore) and ESAB (Rs 230 crore) whereas key reductions have been Engineers India (Rs 240 crore), Indian Vitality Change (Rs 160 crore) and Simply Dial (Rs 140 crore).

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