Boring Strategy Back for Equity Diversified Fund

The fund managers' sudden penchant for diversification is now apparent with a change of guard across most portfolios. In a coup of sorts, cyclical stocks are fast replacing technology heavyweights as equity funds finally diversify in their effort to keep their head above water. For a sample of shift from myopic to broad investment strategy, consider this. April 2000: Even as the tech-fuelled rally has started to ebb, the top 10 stocks across diversified equity funds belong to the technology sector and make up for over 54% of the total asset base. Fund managers and investors believe that tech stocks have halted for a brief hiatus before resuming their north bound journey. The big guns include Infosys, Zee, SSI, Satyam, HFCL and Visualsoft Technologies. April 2001: It's a stark picture as tech concentration is reduced to rubble, washed away by relentless hammering and selling pressure. Though there a