Mutual funds reduced their holdings in more than 60 companies for the fourth straight quarter, according to Moneycontrol. Stanley Lifestyles saw the sharpest reduction in mutual fund holdings, followed by Shivalik Bimetal Controls and GE Vernova T&D India. LIC, NTPC, Zee Entertainment, Religare Enterprises and SpiceJet were also among the companies that saw reductions in mutual fund holdings.