Mutual Funds and FPIs bought these stocks in January 2020
Updated : 2020-02-18 14:42:43
Mutual funds (MF) were net sellers in energy, IT and financial services, while they bought ‘high beta’ sectors like telecom, private banks, consumer discretionary and utilities in January 2020, according to a report by ICICI Securities. Meanwhile, Foreign Portfolio Investors (FPI) bought and sold a mix of defensives and cyclicals. FPIs bought energy, IT, telecom and auto stocks while sold consumer staples, banks and utilities during the month.