Fund managers keep a vigil on Infosys

Infosys is the most-favoured IT stock for equity MFs

Domestic mutual funds (MFs) are keeping a close eye on the developments at Infosys, their third-most owned stock with a sizeable exposure. Although fund managers don't see any reason to prune their exposure to the information technology (IT) major, they want the management to address corporate governance issues raised by the founders in a transparent manner. Some fund manager said they planned to grill CEO Vishal Sikka at an investor conference in Mumbai on Monday.
 
There has been a spat between the founders and the Infosys board over issues such as compensation to CEO, severance pay to former employees