Viatris, Cognizant, GE Healthcare, Netflix: Top foreign stocks that Indian mutual funds bought in April
Microsoft Corporation (US, Technology) saw a minor reduction of 5,800 shares, but mutual funds still gained Rs 164.61 crore in value, as holding value appreciated from Rs 4,332.64 crore to Rs 4,497.25 crore.
Domestic mutual funds actively reshuffled their global portfolios in April, with a clear tilt towards US-based technology and healthcare stocks.
The trading activity, as per PrimeMFDatabase.com, has revealed a strong appetite for tech stocks, with significant exits from select, high-value European and American companies. All top 10 global buys by MFs were US-listed companies. Of these, seven were from the technology sector, two from healthcare, and one from media and entertainment. Around 13 mutual funds continue to hold foreign equities, with the total holdings at Rs 42,006.68 crore in April, a nearly 3 percent fall from Rs 43,210 crore in March.
Top Foreign Stocks on MF Radar
American pharma company Viatris Inc was the most-aggressively purchased stock in April, as domestic fund houses increased their holdings from 50.25 lakh shares (Rs 374.6 crore) at the end of March to 90.26 lakh shares (Rs 646.39 crore) by April 30. Over the last six months, the stock has gained around 16 percent and is currently trading at $8.84.
US-listed tech major Cognizant Technology Solutions followed next with nearly 4 lakh shares added by Indian MFs in April. The stock’s holding value rose by Rs 180.95 crore to Rs 1,695.39 crore. The stock is currently trading at $81.44 after gaining nearly 20 percent over the last one month.
Microsoft saw a minor reduction of 5,800 shares, but mutual funds still added shares worth Rs 164.61 crore, as the Indian fund’s holding value appreciated from Rs 4,332.64 crore to Rs 4,497.25 crore in April.
Netflix Inc saw only 620 shares added, but the stock’s value in fund portfolios surged by Rs 132.02 crore to Rs 750.07 crore, driven by price gains.
Broadcom Inc and Alphabet Inc, both from the tech space saw small changes in number of shares, higher by 1,017 and down by 1,311 respectively, yet both added close to Rs 94 crore each in value.
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Cybersecurity firm CrowdStrike Inc saw an increase of just 20 shares. but added Rs 62.35 crore in the portfolio value of domestic mutual funds, highlighting a strong price momentum.
GE Healthcare Technologies Inc was a standout in healthcare, with over 1 lakh shares added, as its value jumped from Rs 27.24 crore to Rs 83.44 crore, a gain of Rs 56.20 crore.
Palantir Technologies added 1,001 shares, adding Rs 55.96 crore to fund holdings. Meanwhile, US tech company ServiceNow saw a small reduction of 66 shares, but still contributed Rs 48.28 crore in Indian MF’s portfolio gains.
Top Foreign Stocks Sold by Indian MFs
Seven of the top 10 sells were US-based stocks but the sharpest value reductions came from European firms.
The biggest selloff came from Lonza Group AG (Switzerland, Healthcare), where mutual funds offloaded 24 lakh shares. The holding value plummeted from Rs 1,468.34 crore to Rs 232.78 crore, a Rs 1,235.56 crore reduction. The stock has gained around 4 percent over the last month and is currently trading at CHF 573.60 (US $684)
Meta Platforms Inc. (US, Technology) was next, with nearly 9,000 shares sold, reducing investment value by Rs 258.86 crore to Rs 3,504.38 crore. Amazon.com Inc. (US, Technology) saw a minor addition of 17,454 shares, but its total holding value declined by Rs 109.12 crore. NVIDIA Corp saw a reduction of nearly 1 lakh shares, leading to a Rs 96.70 crore drop in value.
Apple Inc saw a small increase of 1,381 shares, but fund value slipped by Rs 78.78 crore, again suggesting a price-driven decline.
In healthcare, 9,473 shares of Eli Lilly were sold by mutual funds, reducing exposure by Rs 60.80 crore. Medtronic Plc was sold more aggressively at 64,760 shares, bringing down fund value from Rs 72.50 crore to Rs 21.25 crore, a fall of Rs 51.26 crore in April. Germany’s Siemens AG saw a full exit by Indians mutual funds in April, selling all 45,012 shares and cutting Rs 44.45 crore from their portfolios.
During April, US indices had shown a mixed trend amid high volatility on the back of US President Trump’s tariff-related announcements. The Russell 1000 Growth led with a 1.8% gain, followed by the tech-heavy Nasdaq 100 at 1.6%, and the Nasdaq Composite at 0.9%. Broader indices like the S&P 500 and Russell 3000 declined 0.7% each while the Dow Jones Industrial fell 3.1%.
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