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News From Press 'Fund mangers may trim exposure to PSU banks'

'Fund mangers may trim exposure to PSU banks'

Source: Business Standard/PTI Apr 16, 2018

The financial services sector is likely to remain the top pick for equity investments for fund managers this year but they may trim exposure to public sector banks (PSBs) following the recent scams and invest in some well managed private lenders and NBFCs, says an 

According to mutual fund tracker Morningstar India, equity exposure to the sector in 2017 was highest at nearly 28 per cent and the trend is likely to continue this year as well.

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