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How Fund Managers' July stock bets did in August

Infosys and AU Small Finance Bank have hit fund managers the most

Chandan Kishore Kant 

Photo: Shutterstock
Photo: Shutterstock

With the Indian stock market in the consolidation mode for the past couple of weeks, equity stacked up on banking and financial stocks in July. and Bank were the most-bought stocks. Indian Oil, Hero MotoCorp, and the struggling Infosys were the only four stocks outside the financial sector among the top 10 picks during July. However, a majority of these investment bets did not go well. Of these 10 stocks, in which pumped in nearly Rs 8,000 crore, seven have witnessed erosion in their values so far in August. Infosys and AU Small Finance Bank have hit the most, as shares of both these companies lost nearly 10 per cent. had put in about Rs 1,260 crore in the two counters.

How Fund Managers' July stock bets did in August

First Published: Sat, August 26 2017. 04:30 IST
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