News From Press What fall in Infosys stock means for Mutual fund houses

What fall in Infosys stock means for Mutual fund houses

Source: Moneycontrol Aug 19, 2017

Infosys is one of the most owned stocks by mutual funds in equity schemes.

Vishal Sikka, resigned from his post of MD & CEO of Infosys effective today. The stock was the top loser on both S&P BSE Sensex and Nifty.

The stock is down nearly 5 percent so far in 2017 compared to 20 percent rally seen in Nifty.

As per mutual fund research firm Morningstar, in July, the market value of mutual fund holdings in Infosys stood at Rs 21,094 crore compared with Rs 16,376 in July 2016.

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