<b>Chart:</b> Hits and misses for equity MFs

Power Grid was the only major stock where they timed their selling well in January

Most stock buys in January have done well for equity fund managers. Reliance Industries, BSE, GAIL India, Infosys and HDFC Bank were among the stocks where MFs increased their exposure in January. All these stocks rallied sustainably in February. ONGC was the only major stock purchased by MFs in January, which gave negative returns in February. On the flip side, MFs must be regretting selling shares of companies like Bajaj Finserv, Titan Company, Bharat Financial Inclusion, TCS and Axis Bank in January. These counters rallied between nine per cent and 22 per cent in February.  Power Grid was the only