Equity mutual funds are betting big on IT (information technology) and banking stocks. Infosys, HCL Technologies, State Bank of India (SBINSE 1.64 %) and HDFC BankNSE 1.25 % were the top picks of fund managers in May. Fund houses bought Infosys scrip to the tune of Rs 1,145 crore during the month, the second highest among top largecap stocks. Their purchase of HCL TechnologiesNSE 0.25 % totaled Rs 935 crore for the month.
There was increased interest in banking — fund managers bought SB ..
