Mutual Funds to eye large cap stocks.

>> Monday, December 1, 2008

A Reuters poll says that mainly large caps stocks are a attraction of domestic Mutul Funds Companies.

Indian large caps and financial sector stocks are likely to attract them for next 3-4 months as they hope for stock market rebound.
Three-fourths of the respondents in the Reuters Asset Allocation Poll conducted between Nov. 21 and 25 said they would cut the amount of cash they hold because they expect local stocks will rise during the period. 
Three of the eight fund houses polled said Indian shares are fairly valued, while an equal number said they were undervalued. 
A fourth of bond fund managers are likely to cut cash levels as invest in bonds on hopes of more rate cuts, the poll showed.
Reading this I would eye on Banking and Financail stocks. The stocks which I would shop are SBI , Yes Bank , HDFC Bank , ICICI Bank and Indusind Bank.