Mutual fund managers play safe, trim market exposure

Mutual fund managers, who have the option to choose between equity and debt in the portfolios they handle, are going for the traditionally safer instrument amidst the markets’ recordbreaking run. 
Balanced advantage funds — a product that allows fund managers to aggressively shift allocation to equity or debt — have cut their stock market exposure to the lowest in recent times with money managers turning increasingly cautious about the market’s prospects due to lofty share valuations, global uncertainties and the upcoming national elections.

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