Here is a peek into the moves of various mutual fund managers in March-2010.
Equity AUM at INR 2.08 tn; increased by INR 0.06 tn (up 3.30%) M-o-M. Mutual funds saw an outflow of INR 13.75 bn (net of NFOs + existing schemes redemptions) in March 2010.
Large-cap funds increased exposure to banking, oil & gas, engineering, auto, metals, and cement and reduced it in IT, telecom, and FMCG. Mid-cap funds increased exposure to FMCG, banking, engineering, pharmaceuticals, metals, oil & gas, and auto.
With the corporate earnings seasons as well as the keenly awaited monetary policy review round the corner, we believe April will be crucial for equity
funds from the portfolio rejig perspective.
