The September quarter witnessed an interesting trend reversal. Sectors like consumer defensives and healthcare are back in favour.
If we get stock specific, infotech giants Infosys, TCS and HCL Technologies, which had lost their lure for a few quarters, are back with a bang.
Though fund managers were not too keen on certain banking stocks, HDFC Bank, Federal Bank and United Bank of India are still held on to.
Debt fund managers have increased the average maturity across all duration products during the quarter ended September 2014.
With inflation having tamed down a bit and a significant improvement in macro-economic indicators, debt fund managers seem to be of the opinion that rate cuts are imminent in the near future and want to ride the yield curve by buying long-term bonds with the hopes of making a profit as yields fall.
We took a look at the mutual funds’ portfolios during the September quarter of 2014. We present the observations in the Morningstar India Fund Portfolio Scanner.
To read the entire report, click here: Morningstar India - India Fund portfolio scanner - September 2014
