Why Indian mutual funds avoid Adani stocks
- Four of the six Adani group stocks have been multi-baggers, delivering returns of 18-46-times over last three years.
Diversified equity mutual funds (MFs) have, by and large, stayed away from making large investments in Adani group. This, despite the Adani group market cap touching ₹20 trillion from just ₹1.6 trillion in just the past three years. Four of the six Adani group stocks have even delivered returns in the range of 18-46-times in this period.