Helios Flexi Cap Fund’s cash allocation surged from 1.70% in January to 20.60% in February. The fund exited 11 stocks, including Infosys, TCS, and HCL Tech, while adding ABB India, Bajaj Auto, and Kotak Mahindra Bank. It increased stakes in Bajaj Finance, Zomato, and DLF, while reducing holdings in S H Kelkar and KPIT Technologies.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.