New Delhi, June 25 -- Indian IT services sector is the most preferred investment theme among fund managers, according to the latest Asia Fund Manager Survey by BofA Securities. In June, 21% of fund managers chose the sector as their top pick, up from 13% in May. The survey findings were followed by results from global IT major Accenture, which is widely seen as a bellwether for Indian tier-1 IT firms.

Accenture, which follows a September-August financial year, reported 7% year-on-year constant currency revenue growth in the quarter ended May (Q3FY25), beating consensus estimates and coming in at the upper end of its guidance range.

A Motilal Oswal Financial Services report dated 20 June said that the impact of a tariff-related pause was...