MFs turn to quality mid & small caps, IPOs
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 Brigade Enterprises. 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.