In August, mutual fund managers targeted stocks likely to benefit from anticipated interest rate cuts and declining crude oil prices. With oil prices falling, fund managers increased their holdings in paint and tire companies such as Asian Paints, Kansai Nerolac, Ceat, and Apollo Tyres. Additionally, in anticipation of increased rural demand as the festive season approaches, some funds invested in Mahindra & Mahindra.
Comments
Post a Comment