MFs turn to quality mid & small caps, IPOs

With most large-cap stocks priced to perfection, fund managers mostly looked at stocks in the mid- and small-cap space for their equity portfolios in June. They picked up shares of companies with superior revenue prospects, strong balance sheet, higher market share and better execution skills. A few prominent companies which found a place in the June portfolio of leading fund houses are KNR Constructions, TVS Motor, HDFC Life Insurance and . Money managers also showed appetite for initial public offerings. IPOs such as Krishna Institute of Medical Sciences (KIMS), Sona BLW Precision Forgings, India Pesticides and Shyam Metalics secured strong participation of leading fund houses. ET takes a look at fund managers’ top picks in June.

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