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