When multiple mutual fund schemes invest in a specific stock, it typically boosts investor confidence in that stock. As of June 2024, over 100 mutual fund schemes held stakes in 150 stocks.
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Zinka Logistics Solutions (BlackBuck) saw a Rs 302 crore block deal as Peak XV Partners trimmed stake. ADIA, MIT, and ICICI Prudential emerged as key