▶ AROUND EARLY-FEBRUARY when the Adani-Hindenburg issue was at its peak, there were many in the markets—and outside—who were highlighting a data point to support their argument that there were many shortcomings related to the conglomerate. They drew attention to the fact that mutual funds (MF), which channelise huge amounts of retail money into the stock markets, have stayed away from stocks of Adani Group firms even though the conglomerate is one of the largest business houses of the country.
It is not that MFs do
