Fund managers stay selective despite June market surge
Nifty 50
gaining 3.1% and the Nifty Smallcap 250 moving up 5.73% in June,
fund managers
remained cautious, deploying money selectively.
They bought into a mix of lenders such as L&T Finance, Aptus Value Housing Finance,
AU Small Finance Bank
, and
RBL Bank
,
Union Bank of India
and M&M Financial.
Apart from financials, fund managers made selective purchases in domestic pharma companies with strong brands and growth strategies, picking up stocks like
Laurus Labs
and Divi's Laboratories.
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In addition, AMCs were active in stocks like
Asian Paints
,
Britannia
,
Biocon
,
Infosys
,
Gland Pharma
,
Dixon Technologies
,
Premier Energies
, and Kaynes Technology — reflecting selective optimism across sectors beyond financials and pharma.
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