Mutual fund managers in March made selective purchases in large- and mid-cap stocks that have not run up in the recent past and are less likely to be impacted by the ongoing tariff wars.
The majority of the activity was in private banks and financial services companies. Reliance Industries was another stock that changed hands between these fund houses. Money managers also cut their holdings in IT stocks, which face a hazy outlook in the wake of the economic uncertainty in the US.
Agencies
