7 stocks mutual funds have been betting on in 2021
Valuations multiples across most of these stocks are at elevated levels, in line with broader market trends.
Synopsis
Stock picking isn’t easy when markets are peaking. ET Wealth examined fund holdings to see which stocks they were most bullish on during the past year. These 7 stocks have seen a gradual rise in mutual fund holding since September 2020.
The sharp uptick in the stock market from last year’s depths has been stunning both in terms of its pace and longevity. Rarely has a stock market rally lasted for so long without seeing meaningful, intermittent corrections. It is built on the edifice of strong earnings growth momentum continuing into the next few years. Valuations reflect these lofty expectations and do not leave room for any disappointments. Amid this euphoria, fund managers
