MFs cut PSU bank exposure, raise bets on IT, auto & pharma in July
In July, fund managers recalibrated their blue-chip stock portfolios, focusing on select sectors like IT, automotive, and pharmaceuticals for increased investments. Notably, financial services, particularly non-banking financial companies (NBFCs) ...
Mutual fund managers reshuffled portfolios within blue-chip stocks in July, increasing exposure to select IT, auto and pharmaceutical names. Fund houses bought financial services plays including NBFCs and private sector lenders.
At the same time, they pared holdings in PSU names such as SBI, Bank of Baroda, Canara Bank, Indian Bank and Punjab National Bank amid a broader shift towards sectors offering better earnings visibility and stock-specific opportunities.
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