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News From Press From ICICI Securities to Bandhan Bank, MFs load up on banks amid crash

From ICICI Securities to Bandhan Bank, MFs load up on banks amid crash

Source: Business Standard Apr 16, 2018

With benchmark indices coming off close to 10 per cent from their 2018 peak in March, equity (MFs) had a hectic time rebalancing their portfolios. Taking advantage of the sharp slide, money managers invested in several banking stocks, including (SBI) and 

The top-most buy for March was Tata Consultancy Services (TCS), where fund managers pumped in nearly Rs 40 billion amid a six per cent drop in the stock. and Bandhan Bank, which came out with their initial public offerings (IPOs) in March, were among top three buys.

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