INSUBCONTINENT EXCLUSIVE:
the economy or sector, which is then broken down to look at smaller components and their potential impact on a sector or a set of stocks
In the study, BofA-ML found that only 3 per cent of the 1,600 equity funds actually managed to outperform Nifty in the first six months of
does not matter in a strong market, when it is all about stock picking
stocks.
Which in a way validates the argument that sectoral preferences do have a part to play in a weak market
BofA-ML is currently overweight on Indian discretionary, financials and industrials and underweight on healthcare and IT
It has also cut its stance to neutral on staples.
According to a study by Motilal Oswal Securities, at the end of May, technology (16 funds
under-owned), consumer (15 funds under-owned), private banks (14 funds under-owned), oil gas (14 funds under-owned), and utilities (13
funds under-owned) were some of the sectors where domestic mutual funds were underweight by at least 100 basis points compared with these
increased, while those of capital goods, healthcare, auto, metals, infrastructure, cement, utilities, telecom, real estate and chemicals
