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  • News From Press MFs shrugged off cash ban, Trump concerns; bought bank, auto and IT stocks in November

    MFs shrugged off cash ban, Trump concerns; bought bank, auto and IT stocks in November

    Source: The Economic Times Dec 15, 2016


    While most investors in November were concerned about banking and auto sectors post the demonetisation move and on IT sector after Donald Trump's ticket to White House, data suggested that mutual fund (MF) houses, which saw investors pumping in over Rs 36,000 crore during the month, weren't shying away from these 'troubled' sectors. In fact, MFs picked up stocks from these sectors heavily during the month that saw the BSE Sensex taking a 4.6 per cent knock.

    Among banking, MFs bou ..

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