who fkn cares a fund manager invest like everyone else just because there a fund doesn't mean they make money on every trade. they got it wrong plan and simple they backed management, took the risk and it backfired on them. 99% of times theses guys back management on there bs.
there could be a number of reasons why they sold some shares. could be lowering there weighting in it from a risk point of view or they only bought so much in the first place to back management. if they really wanted out they would be out already..
maybe the mandate was if nifty stayed and management stayed with that gone they are not over weight but still hold a significant amount.
look at Australian super in Syr you think they have made money..
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