Fund managers' September bets wilt in October

India's equity fund managers' sell calls during the month of September did not go well in October. Of the top 10 sell calls, eight stocks have ended the trade in October with gains.

Tata Motors, the top liquidated stock then, gained seven per cent in October. Collectively, equity investment managers had sold shares worth Rs 802 crore of the automobile maker. Similarly, Grasim Industries and Adani Ports & SEZ made double-digit gains in October.

The fund managers' best sell call was on YES Bank; it eroded a little over 10 per cent of investor wealth this month. Though, the counter