Bracing for Volatility? Bet on these newly added large-cap stocks by PMS
After the mid-cap and small-cap indices gave returs of 45 percent and 49 percent in 2023, portfolio managers of PMSs have started to build safety nets to brace for a more volatile 2024
The year 2024 has begun on a volatile note, after a solid run in equities. Portfolio Management Services fund managers have started building positions that could provide stability and cushion the market uncertainties. Large-cap stocks are among the least volatile in the equity market. Here are the top newly added large-cap stocks among Portfolio Management Service (PMS) strategies in December 2023. Data source: Finalyca PMS Bazaar.
2/11
Hindustan Aeronautics No. of PMSes that newly added the stock: 22 Who added?: MOAT - Special Opportunities Fund
3/11
REC No. of PMSes that newly added the stock: 9 Who added?: All-Star Opportunities and Invesco - Dawn
Life Insurance Corporation of India No. of PMSes that newly added the stock: 5 Who added?: Core Value Strategy-Concentrated Option and Asit C Mehta - Ace 15
7/11
ITC No. of PMSes that newly added the stock: 5 Who added?: Accuracap - Alpha 10 and Centrum PMS - Build to Last