HDFC Asset Management, India’s second largest mutual fund house by assets, increased its holding in select life insurance, auto ancillary, banking, metals, power, oil & gas and engineering firms in April even as equity benchmarks Sensex and Nifty climbed nearly 15 per cent during the month.
The fund house offloaded some shares in the bluest of blue chips, including Infosys (1.32 crore shares) and Reliance Industries (30.59 lakh), after these stocks recovered smartly from their March ..
