Vodafone Idea’s shares plunged by 19% on September 19, 2024, following the Supreme Court’s rejection of telecom companies’ curative petitions in the Adjusted Gross Revenue (AGR) dues case. As a result, the stock fell below its Follow-On Public Offer (FPO) price of ₹11.

This decline must have prompted investors to review their mutual fund holdings in Vodafone Idea.

Mutual fund buying and selling activity

In August 2024, mutual funds actively traded Vodafone Idea shares.

A total of 48 mutual funds bought shares, while 26 funds sold them, according to Trendlyne data.

Kotak Equity Arbitrage Fund Growth was the top buyer, acquiring 2.20 crore shares.

Invesco India Arbitrage Fund Growth was the largest seller, offloading 4.09 crore shares.

Significant increases in holdings were noted in Kotak Equity Savings Fund Regular and Nippon India Arbitrage Fund Growth.

Mutual fund holdings in Vodafone Idea

Here are some of the mutual funds with significant Vodafone Idea holdings as of August 2024:

Scheme name	AUM (₹ crore)	Shares held in August
Kotak Equity Arbitrage Fund Growth	53,423.15	22,040,000 (2.20 crore)
Nippon India Arbitrage Fund Growth	15,827.40	20,280,000 (2.03 crore)
HDFC Arbitrage Fund Wholesale Plan	15,819.35	12,000,000 (1.20 crore)
Kotak Equity Savings Fund Regular	7,114.71	11,000,000 (1.10 crore)
Bandhan Arbitrage Fund – Regular Plan	6,722.90	7,440,000 (0.74 crore)
SBI Arbitrage Opportunities Fund	32,415.26	7,160,000 (0.72 crore)
Axis Equity Saver Fund Regular Plan	1,012.50	6,400,000 (0.64 crore)
Edelweiss Arbitrage Fund Regular	12,304.73	5,720,000 (0.57 crore)
360 ONE Focused Equity Fund Regular	8,104.27	4,950,491 (0.50 crore)
360 ONE Flexicap Fund Regular	986.58	4,441,709 (0.44 crore)
DSP Arbitrage Fund	5,945.37	4,360,000 (0.44 crore)
Baroda BNP Paribas Arbitrage Regular	1,301.10	3,160,000 (0.32 crore)

(Source: Trendlyne data)