For the greater part of the past two years, overseas funds had stuck only to the biggest names in the local business. But now they are beginning to put mid-cap stocks in their shopping carts, unwilling to miss out on the potential gains these companies offer.
Overseas funds had raised ownership in more than 60 midcaps in the September quarter. Abu Dhabi Investment Authority, Eastspring Investments, Euro Pacific Growth Fund, Fidelity, Government Pension Fund, Nomura and Norges Bank have continued this trend in the third quarter, buying more into HDFC LifeNSE 0.70 %, Apollo Tricoat Tubes, Yes Bank, Welspun Corp, Fortis HealthcareNSE -1.08 %, Eris Lifesciences and Dishman Carbogen Amcis in the past one month.
Nine big financial changes that you must watch out for in October
Read More
