These Mutual Funds Sank Due to Fall in Indusind Bank Shares Have You also Investigated in Them

Today, there has been a huge ups and downs in the stock market and during this time, Indusind bank shares recorded a steep decline. Recently, IndusInd Bank shares broke up to about 27 percent to close at Rs 656.80 on Tuesday. Due to this decline, there was a huge reduction in the bank’s market cap of Rs 19,000 crore. Talking about the bank shares, the bottom level of 52 weeks was Rs 649 and the top level of Rs 1,576.35 per share.

Let me tell you that recently RBI extended the tenure of CEO of the bank for only one year instead of three years, after which the shares of the bank started falling. At the same time, more reasons are being given for the fall in Indusand Bank shares. When the bank examined its internal accounts, the missamach came to light in derivative portofolio, due to which there is a possibility of loss of about Rs 1,500 crore on the bank’s Profit and Los Statement.

These funds shocked

Talking about the shares of Indusand Bank, many mutual funds have also invested in large quantities in the shares of Indusand Bank. According to the February 2025 data of Ace Equites, 35 different mutual funds had more than 20.88 crore shares of Indusand Bank. Their cool value was around Rs 20,760 crore, but after the latest decline, it has come down to Rs 14,600 crore.

The highest holding ICICI was with the Proudential Mutual Fund, which had a total value of Rs 3,779 crore. After this, HDFC Mutual Fund had shares of Rs 3,564 crore and SBI Mutual Fund had shares worth Rs 3,048 crore. Apart from this, other mutual funds like UTI, Nippon India, Bandhan and Franklin Templeton also invested from 740 crores to Rs 2,447 crore.

Talking about different funds

ICICI Prudential Fund was 3.81 crore shares of Rs 3,779 crore, 2.8 crore shares of HDFC mutual fund of Rs 3,564 crore and 3.07 crore shares of Rs 3,048 crore. Apart from this, by February 2025, Kotak Mutual Fund and Tata Mutual Fund had shares of Rs 522 crore and Rs 517 crore.

Value of these funds also fell

• The portfolio of Quant Mutual Fund had 30.77 lakh shares, the total value of which was Rs 304.65 crore.
• Zirodha Mutual Fund and Whiteok Captil Mutual Fund had shares worth Rs 2.76 crore and Rs 1.96 crore.
• Edelweiss Mutual Fund had 24.76 lakh shares with a total value of Rs 245 crore.
• DSP Mutual Fund had 16.79 lock shares with a total value of Rs 166.29 crore.

Now the question is, how much damage was done to mutual funds?

After the fall, by March 11, the total investment of mutual funds in IndusInd Bank shares declined by more than Rs 6,000 crore. This decline came because the bank said that the change in the valuation of derivative transactions has affected its net worth 2.4 percent. Overall, IndusInd Bank’s investor and mutual funds have suffered heavy losses in this entire development.

Also read: EPFO ​​made 3 big changes, this news is necessary for every employee, your money will be directly affected!