Mutual funds (MFs) cashed in on their investments in public sector undertaking (PSU) ahead of the general election results.
In May, MFs were the net sellers in several PSUs, as they deployed Rs 47,600 crore in equities during the month.
Canara Bank led the list of the most sold stocks by fund managers in May with an estimated pull out of Rs 2,270 crore, according to a Nuvama Alternative & Quantitative Research report.
