Here are a few mutual funds that stocked up on YES Bank in Q4FY19

Shares of YES Bank tanked 30 per cent in trade on Tuesday, after the bank reported a massive Rs 1,507 crore loss in the fourth quarter of financial year 2018-19 (Q4FY19). The numbers were released post market hours on Friday.

The results saw most brokerages downgrade the stock to ‘sell’, setting the 12-month price target lower by as much as 40 per cent from Friday’s close. Most also scaled back their earnings growth forecasts by up to 45 per cent for FY20 and also FY21. Large stressed pool, aggressive accounting practices and weakness in the retail franchise are among the reasons cited by analysts for their bearish stance.

However, some mutual funds who already held the stock in their funds / scheme / portfolio had increased their stake in the bank in the recently concluded quarter (March 2019), data mined from ACE Equity show. 

Sundaram Mutual that added tops this list with an addition of 34,47,645 shares during the period under review, a whooping increase of 16,735 per cent over the December 2018 quarter, data show. Principal Mutual Fund and Taurus Mutual Fund are the other two fund houses that stocked up on YES Bank and increased their holding by a huge 7,001 per cent and 1,196 per cent, respectively.

Sundaram Mutual and Taurus Mutual, however, exited a bulk of its position at a profit before YES Bank announced its March 2019 quarter numbers last week, their officials clarified.

Fund Name	Number of shares
	Mar-19	Dec-18	Change	%Change
Sundaram Mutual Fund	3468247	20602	3447645	16734.52
Principal Mutual Fund	2051247	28885	2022362	7001.43
Taurus Mutual Fund	40591	3133	37458	1195.60
IDBI Mutual Fund	1337111	895525	441586	49.31
ICICI Prudential Mutual Fund	13206990	9893452	3313538	33.49
Baroda Mutual Fund	1273500	1005500	268000	26.65
Quantum Mutual Fund	1231671	1066007	165664	15.54
SBI Mutual Fund	36962570	33817087	3145483	9.30
UTI Mutual Fund	37362815	34183511	3179304	9.30
HDFC Mutual Fund	24392519	22819153	1573366	6.89
Mirae Asset Mutual Fund	359466	359369	97	0.03
Motilal Oswal Mutual Fund	8211	8210	1	0.01
LIC Mutual Fund	521331	526089	-4758	-0.90
Franklin Templeton MF	32796036	33156027	-359991	-1.09
Indiabulls Mutual Fund	339500	390250	-50750	-13.00
DSP Mutual Fund	1536957	1876729	-339772	-18.10
IDFC Mutual Fund	2605687	3235216	-629529	-19.46
BNP Paribas Mutual Fund	194250	245000	-50750	-20.71
Reliance Nippon Mutual Fund	18606015	23749885	-5143870	-21.66
Axis Mutual Fund	4159150	5781423	-1622273	-28.06
Aditya Birla Sun Life MF	10255030	14313756	-4058726	-28.36
Kotak Mahindra Mutual Fund	21720542	32274769	-10554227	-32.70
Tata Mutual Fund	93982	183778	-89796	-48.86
PPFAS Mutual Fund	810250	1727250	-917000	-53.09
BOI AXA Mutual Fund	133000	290500	-157500	-54.22
Invesco Mutual Fund	401562	1325564	-924002	-69.71
JM Financial Mutual Fund	1107455	10415362	-9307907	-89.37
Edelweiss Mutual Fund	109399	1895879	-1786480	-94.23
Essel Mutual Fund	--	31500	--	-100.00
DHFL Pramerica Mutual Fund	--	337750	--	-100.00
Data Source: ACE Equity

Disclaimer: The data is for the fourth quarter of financial year 2018 - 19 (Q4FY19). Some, or all, mutual funds may have exited their position / sold their holding in YES Bank before the company announced its financial results for Q4FY19.