Each of the indices is making a new high for different reasons but one reason is common, strong household balance sheet and income growth for FY21 and FY22 is driving urban consumption strong.
Quant Mid Cap Fund added ITC, Lupin, and Aditya Birla Lifestyle Brands to its portfolio in May, while exiting Cochin Shipyard, BHEL, and Ipca Labs.
Edelweiss Mutual Fund adjusted its portfolio in May. The Radhika Gupta-led fund increased its stake in HDFC Bank, Reliance Industries and others. It reduced holdings
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