India's equity fund managers have actively shuffled their portfolios in the first half of 2017, amid a gush of robust inflows from domestic investors. With benchmark indices seeing a steep climb, investment managers have strived to generate market-beating performance.
Reliance Industries and Axis Bank, among the 10 most-owned stocks by equity fund managers at the end of 2016, have dropped off the list, replaced by Kotak Mahindra Bank and HDFC.
While the rest of the top 10 stocks has remained the same, the pecking order has undergone a change.
At the start of the year, HDFC Bank, ICICI Bank, Infosys,

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