Blue-chips are fund managers' 'blue-eyed' scrips

In automobiles, Mahindra & Mahindra and Tata Motors were among the most-bought counters

Equity mutual fund managers, sitting on an all-time high cash level for quite some time now, cherry-picked stocks in April. The month witnessed liquidity continuously driving Indian shares up, as fund managers stuck to bigger names and pumped high amounts in selected stocks. Metal major Vedanta emerged as their top pick. The counter alone saw buying worth Rs 1,760 crore, one of the highest in recent months in a single stock. The merger of Cairn India with Vedanta acted as a buying trigger and fund managers lapped up 75 million shares in their portfolios. The next stocks which attracted fund