Domestic as well as overseas mutual funds had raised their stakes in Infosys Ltd from a year before at the end of July, indicating that the company, which was once termed at the IT bellwether, was still the preferred bet in the otherwise out-of-favour software services sector, at least until the previous month.
For domestic mutual funds, Infosys was by far the largest holding among technology companies with allocations of Rs21,094 crore by them collectively at the end of July.
