SBI Mutual Fund, India's largest fund house by assets under management, accumulated some of the biggest PSU names along with private banks ahead of the Union Budget, even as it continued to dump some of their peers from the midcap space.
Data available for January showed fund managers at SBI Mutual Fund bought 5.37 crore shares of Steel Authority of India (SAIL) and 2.12 crore of NHPC amid talks of possible rerating for the PSU stocks.
