fund

Q3 numbers a concern, mutual funds buy defensives


Domestic fund managers played it safe in December and bought into defensive sectors amid uncertainty over the third-quarter corporate earnings. Healthcare, technology, insurance, and consumer durables were among the sectors in focus.

While healthcare and technology gain from a depreciating rupee, retail and consumer durables could benefit as consumption is expected to see a pick-up as retail inflation subsides in the coming quarter.

Funds bought into stocks like Divi’s Lab, Mankind Pharma, Yatharth Hospitals, Dr Reddy’s Labs, Whirlpool, Infosys, SBI Life, OFSS, Firstsource Solutions, TBO Tek, and MTar Technologies.

MF3Agencies



READ SOURCE

Readers Also Like:  How to use systematic withdrawal plan to maximise gain from your mutual fund portfolio?

This website uses cookies. By continuing to use this site, you accept our use of cookies.