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PMS strategies make hay when banking stocks correct
Experts say the valuation of banking stocks have become attractive. And portfolio managers are busy adding them to make the most of fallen prices
1/10
After put-up a solid show in 2022, mutual funds that investing primarily in banking and financial services stocks were worst hit, since the start of 2023. They are the bottom performers among the equity fund categories and have lost about 9% during this period. A strong sell-off foreign portfolio investors (FPIs) and the failure of SVB and Signature Bank spooked investors. But smart fund managers saw an opportunity in this correction. Experts say the valuation of these stocks have become attractive. Here is the list of banking stocks that were newly added by most number of PMS strategies in February. Data as of February 28, 2023. Source: Finalyca – PMSBazaar.
2/10
ICICI Bank
No. of PMS strategies that newly added the stock: 5
Total no. of PMS strategies that held the stock: 124
No. of PMS strategies that newly added the stock: 5
Total no. of PMS strategies that held the stock: 124
3/10
Equitas Small Finance Bank
No. of PMS strategies that newly added the stock: 5
Total no. of PMS strategies that held the stock: 5
No. of PMS strategies that newly added the stock: 5
Total no. of PMS strategies that held the stock: 5
4/10
State Bank of India
No. of PMS strategies that newly added the stock: 4
Total no. of PMS strategies that held the stock: 84
No. of PMS strategies that newly added the stock: 4
Total no. of PMS strategies that held the stock: 84
5/10
South Indian Bank
No. of PMS strategies that newly added the stock: 4
Total no. of PMS strategies that held the stock: 7
No. of PMS strategies that newly added the stock: 4
Total no. of PMS strategies that held the stock: 7
6/10
HDFC Bank
No. of PMS strategies that newly added the stock: 3
Total no. of PMS strategies that held the stock: 94
No. of PMS strategies that newly added the stock: 3
Total no. of PMS strategies that held the stock: 94
7/10
Axis Bank
No. of PMS strategies that newly added the stock: 3
Total no. of PMS strategies that held the stock: 63
No. of PMS strategies that newly added the stock: 3
Total no. of PMS strategies that held the stock: 63
8/10
Punjab National Bank
No. of PMS strategies that newly added the stock: 3
Total no. of PMS strategies that held the stock: 6
No. of PMS strategies that newly added the stock: 3
Total no. of PMS strategies that held the stock: 6
9/10
Federal Bank
No. of PMS strategies that newly added the stock: 2
Total no. of PMS strategies that held the stock: 36
No. of PMS strategies that newly added the stock: 2
Total no. of PMS strategies that held the stock: 36
10/10
IDFC First Bank
No. of PMS strategies that newly added the stock: 2
Total no. of PMS strategies that held the stock: 23
No. of PMS strategies that newly added the stock: 2
Total no. of PMS strategies that held the stock: 23
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