SBI Mutual Fund cuts exposure to blue chip stocks, adds small and mid caps

Looks like the time has come to shift focus beyond the largecaps and zero in on the broader market on Dalal Street. Or that is what the latest buy-sell data of SBI Mutual Fund – the country’s largest asset management firm – is indicating. In October, the fund house lowered its holding in at least 40 Nifty companies, as their valuations turned expensive amid the ongoing stocks rally from the March lows. In turn, they raised stakes in several midcap and smallcap stocks from across sectors. 

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