Oil & gas, realty, durables topped funds’ buy list in February

They bought oil & gas, real estate, cement, and consumer durables stocks. Crude oil prices have fallen 9.5% since October 2023, and the government’s decision to maintain fuel prices ahead of elections and reasonable valuations got fund managers interested in ONGC and Oil India.

With flows into equity mutual funds — especially in thematic, mid- and small-cap schemes — continuing unabated, adopted a cautious approach in February and bought into stocks that haven’t participated much in the recent run-up.

They bought oil & gas, real estate, , and consumer durables stocks. have fallen 9.5% since October 2023, and the government’s decision to maintain fuel prices ahead of elections and reasonable got fund managers interested in and . Increasing construction activities in the run-up to the elections and high demand in the residential segment of India’s sector led to the purchase of stocks such as , and .

Source: Stocks-Markets-Economic Times