Mutual fund managers have taken a fancy for the shares of HDFC Bank, with more than Rs 1,175 crore invested into the scrip in the month of October alone. In an interview to ET Now, Kaustubh Belapurkar, Director Fund Research, Morningstar said, “ I think HDFC Bank has been the darling of the street for a long time. 5.5% of the overall equity allocations of mutual funds is in HDFC Bank. This is by far the largest holding, and month on month we’ve seen additions to that. The street is preferring to invest in private banks, and this is clearly the outshining star in the space.
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