Reported 6 months ago
Money managers of India's top mutual funds, overseeing around $120 billion of equity assets, are now favoring shares of large firms with strong fundamentals following the recent election upset. Managers are turning wary of small-caps and overheated sectors like industrials, defense, and state-run companies, leaning towards larger companies trading at attractive valuations. Despite the initial market turbulence, stocks seen as fairly valued and less prone to sudden downturns are gaining favor among money managers.
Source: YAHOO