News From Press Mutual funds' exposure to banks hits 3-month low of Rs 1.88 lakh crore in Sept

Mutual funds' exposure to banks hits 3-month low of Rs 1.88 lakh crore in Sept

Source: PTI/The Economic Times Oct 22, 2018

Mutual funds' holding of banking stocks declined by over Rs 21,600 crore to Rs 1.88 lakh crore in September, driven by the correction in equity markets.

Overall deployment of equity funds in bank stocks stood at Rs 1,88,620 crore at the end of September as compared to Rs 2,10,251 crore in the preceding month, as per data available from the Securities and Exchange Board of India (Sebi).

This was the lowest level of deployment since June, when equity funds' exposure to bank stock ..

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