New Delhi, March 18 -- Top mutual funds in India sold IndusInd Bank shares worth Rs.1,600 crore in February 2025, according to market data. The sell-off occurred just before the disclosure of an accounting discrepancy at the private lender, which subsequently led to the stock's largest single-day decline on record.

Several leading mutual funds reduced their holdings in IndusInd Bank shares during February. Among Nifty 50 stocks, IndusInd Bank witnessed the most significant reduction in mutual fund ownership.

As per a report by Motilal Oswal Financial Services, mutual fund holdings in IndusInd Bank declined by 7.4% to Rs.20,020 crore. The number of IndusInd Bank shares held by fund houses fell by 7.3% to 20.22 crore by the end of Februar...