Are MFs gradually picking up Tata stocks after Chandra appointment?

In the last two months, Tata Power has witnessed biggest drop in the mutual fund holding

Tata Sons Board voted to remove Cyrus Mistry from the Chairmanship of Tata Sons on 24 October, 2016. After a knee-jerk reaction by mutual funds that were negative about the Tata group stocks post the replacement of Cyrus Mistry as the Chairman, they however, in the subsequent months started adding Tata Group stocks (except Tata Power) in their portfolios, Morningstar data show.

With Natarajan Chandrasekaran’s appointment as the Chairman of Tata Sons, mutual funds offloaded their stakes in TCS, Tata Motors and Tata Power in January 2017, data show.

In October and November, mutual funds bought Tata Motors, but pared