News From Press IT, pharma and telecom top sectoral picks for mutual funds in April

IT, pharma and telecom top sectoral picks for mutual funds in April

Source: Economic Times May 16, 2019

In the absence of earnings growth triggers, which has shrunk the universe of investible ideas, leading fund houses have resorted to selling more of a part of their portfolios than buying fresh stocks in April this year. Managers have been sellers in select public sector companies. Most prominent among them are SBI, Coal India, ONGC, and Power Grid Corporation. There have been very few companies which were fresh entries in the April portfolio of leading fund houses.

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