For years now, domestic fund managers’ high allocations to financial stocks were at the cost of their old favourite technology stocks. The trend is reversing now. Analysts say the under-owned IT stocks are set to find favour, leading to more demand on top IT counters.
Data showed the MF industry’s exposure to the IT sector as a proportion of total asset under management (AUM) hit a decade’s low in November 2017.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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