NEW DELHI: Software exporters Wipro, Tata Consultancy Services and ADA Group firm Reliance Natural Resources are among the companies which
fancy of fund managers in June, while Punjab National Bank and Indian Oil Corporation lost some flavour. An analysis of buy and sell transactions by mutual funds during May shows that the fund houses purchased stocks from sectors like power, software, housing finance and sugar, while offloading shares from banking, refineries and airlines. According to brokerage firm Sharekhan, state-run NTPC, ONGC, TCS, Essar Oil and Reliance Petroleum figure amongst the favourite picks by the equity funds in the month of May. Besides, MFs were also seen adding a couple of new stocks to the portfolio. The top new picks for equity funds includes, UCO Bank, Swaraj Mazda, Bhushan Steel and Purvankara Projects, the data compiled by Sharekhan shows. Besides, in the mid-cap equity funds portfolio stocks of Mahindra Satyam, RNRL, Hindalco Industries and Network 18 Media caught the fancy of the MFs. In the last month, domestic MFs have made complete exits from the portfolio of equity funds in the scrips of a host of firms including Ansal Properties, HOEC and Wire and Wireless.
fancy of fund managers in June, while Punjab National Bank and Indian Oil Corporation lost some flavour. An analysis of buy and sell transactions by mutual funds during May shows that the fund houses purchased stocks from sectors like power, software, housing finance and sugar, while offloading shares from banking, refineries and airlines. According to brokerage firm Sharekhan, state-run NTPC, ONGC, TCS, Essar Oil and Reliance Petroleum figure amongst the favourite picks by the equity funds in the month of May. Besides, MFs were also seen adding a couple of new stocks to the portfolio. The top new picks for equity funds includes, UCO Bank, Swaraj Mazda, Bhushan Steel and Purvankara Projects, the data compiled by Sharekhan shows. Besides, in the mid-cap equity funds portfolio stocks of Mahindra Satyam, RNRL, Hindalco Industries and Network 18 Media caught the fancy of the MFs. In the last month, domestic MFs have made complete exits from the portfolio of equity funds in the scrips of a host of firms including Ansal Properties, HOEC and Wire and Wireless.
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