Funds impacted by fall in Graphite India & HEG

The share price of Graphite India and HEG have fallen by more than 50 per cent in the last five months and the fall has only continued. From its recent high, shares of Graphite India have fallen by 58.6 per cent, while that of HEG has fallen by 60 per cent. The reason for such fall is being attributed to stoppage of exports of its product to Iran, increased import from China and slackness in the steel industry.

The fall its share price has adversely impacted shareholder’s net worth, who witnessed Rs. 18,000 crore being eroded in the last five months. Not only direct retail investors but mutual fund investors too have taken a hit due to a sharp fall in the price of these shares.

We analysed the equity-dedicated open-ended mutual funds that got impacted the most due to a fall in the share price of HEG and Graphite India. One of the interesting facts is that most of the funds had started to lower their exposure in the shares of these companies in the month of December 2018. The overall analysis shows that there has been a continuous decline in the holdings of these shares by the mutual fund industry.

Top 5 Funds that got impacted due to fall in the share price of Graphite India


 
Top 5 Funds that got impacted due to fall in the share price of HEG