Adani Group stocks faced sharp declines on Thursday (November 21) following allegations of bribery filed in the US against Gautam Adani and his nephew Sagar Adani. In view of these developments, mutual fund investors may want to assess their exposure to Adani stocks.

It must be noted that mutual funds remained active in these stocks, with both buying and selling trends visible in October 2024.

Mutual Fund Activity in Adani Enterprises

In October 2024, 83 mutual funds bought shares, while 20 funds sold, resulting in a net addition of 46.07 lakh shares, according to Trendlyne data.

• Largest Buyer: Quant Small Cap Fund Growth
• Largest Seller: Invesco India Arbitrage Fund Growth

(Source: Trendlyne data)Mutual Fund Activity in Adani Ports & SEZ

Adani Ports saw 121 mutual funds buying and 27 selling, with a net addition of 13.10 lakh shares.

• Largest Buyer: SBI Focused Equity Fund Growth
• Largest Seller: Kotak Balanced Advantage Fund Regular Growth

(Source: Trendlyne data)

Mutual Fund Activity in Adani Power

In October 2024, 61 funds bought shares while five funds sold, resulting in a net addition of 15.63 lakh shares.

• Largest Buyer: SBI Nifty India Consumption Index Fund added 98,629 shares (0.00% of equity).
• Largest Seller: Tata Equity P/E Fund sold 19.99 lakh shares (0.05% of equity).

Mutual Fund Activity in Adani Energy Solutions

Adani Energy Solutions saw 48 funds buying and six selling shares, with a net addition of 3.5 lakh shares.

• Largest Buyer: ICICI Prudential Nifty Next 50 ETF
• Largest Seller: Tata Retirement Savings Progressive Fund Growth

Catch the latest updates on the Adani bribery case here