Of the 50 blue-chip stocks in the benchmark Nifty index, they have increased their holdings in 26 companies, latest shareholding pattern data show.
Fund managers have favoured stocks in the financial services and automobile spaces, which include IDFC, PNB, Maruti Suzuki and Hero MotoCorp.
Although these are not their top sells, fund managers have pared holdings in IT names such as Tech Mahindra, TCS and Infosys.