The fund managers featured here manage equity schemes
Average one-year return for large-cap equity schemes has been around 20%
Don't get spooked by ongoing volatility, they advise; prospects for equities & debt both good, though short-term pain possible
However, players believe there could be an uptick, particularly from those who had redeemed their investments earlier this year
With UK-based energy firm BP selling 8.5 per cent stake in Castrol India in September, fund managers bought the shares
India's equity fund managers, flushed with robust inflows in August, were quite choosy when it came to picking stocks. Amid net inflows of Rs 6,500 crore, they were net buyers of shares worth Rs 2,700 crore. However, while making investments, they kept India's largest lenders - private as well as public sector banks - among their top priorities. They heavily sold shares of Axis Bank and shifted to counters like HDFC Bank, ICICI Bank and State Bank of India, in search of value. RBL Bank, the new bank to list on the bourses, was the fourth most sought after counter. The month also saw some contrarian calls in the information technology (IT) sector, as fund managers lapped up falling shares of Infosys and Wipro while pumping nearly Rs 850 crore into these two IT giants.However, the oil & gas sector was a clear loser in their portfolio. Among the top eight most-sold counters, five were from the oil & gas sector. Shares of companies like Hindustan Petroleum, Bharat Petroleum, Indian
Fund managers take long view by scrapping bonuses
While their most-bought stocks have performed in line with the markets, some of the counters they have exited have seen gains
Several of the top investment calls by India's leading equity fund managers in June haven't yielded the desired results. While their most-bought stocks have performed in line with the markets, some of the counters they have exited have seen gains. The Sensex is up four per cent in July. Besides Lupin, shares of most-bought companies like Sun Pharma, State Bank of India (SBI), Mahindra & Mahindra (M&M) and YES Bank have performed in line with the market. On the other hand, Tata Motors and Vedanta, which are among the most-sold stocks by fund managers in June, have gained 11 per cent and 30 per cent, respectively.