Smallcap stocks: SBI Mutual Fund picks more midcaps and smallcaps
Synopsis The fund house went all out for NHPC, buying over 1 crore shares of the hydroelectric power generator. SBI Mutual Fund, the largest fund house in the country, dumped some of the biggest names from elite Nifty50 club, especially banking stocks. NEW DELHI: Fund managers at SBI Mutual Fund continued to accumulate smallcaps and midcaps and dumped big names from the Nifty pack in November, as they saw limited upsides in largecaps after a record rally since March. The fund house went all out for NHPC, buying over 1 crore shares of the hydroelectric power generator. Power consumption in th...