News From Press Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore

Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore

Source: Economic Times Jun 24, 2017

Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations

In comparison, the figure was Rs 90,014 crore at the end of May 2016.

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