Seven mutual funds have reduced their exposure to around 17 midcap stocks in May. Mutual fund managers add or exit stocks to actively manage their portfolios. Here are the midcap stocks from which mutual funds reduced their stake, according to a report by Nuvama Institutional Equities.

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HDFC Mutual Fund reduced its stake in three stocks in May. The fund house reduced its stake in Indian Hotels Company, Max Healthcare, and Prestige Estates in the same period.

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SBI Mutual Fund reduced its stake in three stocks in May. The fund house reduced its stake in Indian Hotels Company, Coromandel International, and Delhivery in the said period.

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Kotak Mutual Fund reduced its stake in three stocks in May. The fund house reduced its stake in The Ramco Cement, Coromandel International, and Supreme Industries in the said period.

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Axis Mutual Fund reduced its stake in three stocks in May. The fund house reduced exposure in Alkem Lab, Indian Hotels Company, and Indus Towers in the said period.

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Nippon India Mutual Fund reduced its stake in three stocks in May. The fund house reduced exposure in Dixon Technologies, Max Financial, and Aurobindo Pharma in the said period.

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Quant Mutual Fund reduced its stake in three stocks in May. The fund house reduced exposure in Container Corporation of India, BHEL, and Coforge in the said period.

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ICICI Prudential Mutual Fund reduced its stake in three stocks in May. The fund house reduced exposure in FSN E-Commerce, Dalmia Bharat, and Delhivery in the said period.

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