Axis Bank, Infosys, ICICI Bank, Indiabulls Housing on fund managers' radar

Experts say fund managers could have taken advantage of the rally to book profits

Axis Bank, Infosys and ICICI Bank have emerged in the most-bought list of mutual fund managers for a second straight month. In November, fund managers pumped in Rs 11.8 billion, Rs 9.3 billion and Rs 6.3 billion, respectively, in these three stocks. Coal India and Indiabulls Housing Finance were also among the stocks that saw huge buying interest from equity mutual funds (MFs). On the other hand, money managers pulled money out of Maruti Suzuki, HDFC and IndusInd Bank. Shares of all three companies gained close to 15 per cent each in November. Experts say fund managers could have taken