Playing safe: 10 largecap stocks that PMS managers added in July

Given the recent volatility, experts says largecap stocks can help reduce the risk and also act as a buffer in the event of a decline in the market, which has climbed to new highs. Smart managers have turned their attention to largecaps for a safe play and minimise the effect of volatility on the portfolio. Here is a list of largecap stocks that Portfolio Management Services (PMSes) added in July, according to the Finalyca PMS Bazaar data. Around 440 PMS strategies were considered for the study. Data as of July 31.

Indus Towers
No. of PMS strategies that newly added the stock: 8
Sample of PMS strategies that newly added the stock: Arthya - All-Star multi-cap and Profusion Multi Strategy PMS

Also see: Mid-caps beat small-caps in the long term. Here are top performing mid-cap funds

Trent
No. of PMS strategies that newly added the stock: 5
Sample of PMS strategies that newly added the stock: Prabhudas Lilladher - Multi Asset Dynamic Portfolio Alpha and Bonanza – Growth

Also see: Will customs duty cut hurt investors in sovereign gold bonds maturing in 2024?

Cholamandalam Investment & Finance Company
No. of PMS strategies that newly added the stock: 5
Sample of PMS strategies that newly added the stock: Ambit – caliber and WhiteOak Capital Digital Leaders

Kotak Mahindra Bank
No. of PMS strategies that newly added the stock: 5
Sample of PMS strategies that newly added the stock: Counter Cyclical - Diversified Long Term Value and WhiteOak Capital Business Leaders

ICICI Prudential Life Insurance Company
No. of PMS strategies that newly added the stock: 5
Sample of PMS strategies that newly added the stock: ICICI Prudential PMS Growth Leaders Strategy and Piper Serica Advisors - Leader Portfolio

Also see: Down but not out: MFs hold on to these small-cap stocks despite fall

Bharti Airtel
No. of PMS strategies that newly added the stock: 4
Sample of PMS strategies that newly added the stock: Prabhudas Lilladher - Multi Asset Dynamic Portfolio Alpha and WhiteOak Capital Business Leaders

Also see: How India’s largest equity mutual funds won the race for small investors?