The overall view of the fund managers on the markets, both equity and debt, is cautious, shows the Fund Managers Survey by ICICI Securities Ltd. The survey, which will be released every quarter henceforth, includes fund managers from 16 big asset management companies (AMCs) to gauge the overall view of the markets. Most fund managers believe that equity markets are fairly valued. However, given the concerns due to higher crude oil prices, the short-term view for the equity markets is neutral to bearish. Pharma and information technology are the most preferred sectors among most of the fund managers.
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