Banking and IT stocks have always remained one of the favourite segments for Asset Management Company (AMC) fund managers. This led to higher yield by mutual fund plans post-Covid as good number of IT and banking stocks managed to generate alpha return in the post-Covid rally. But, ahead of new year 2022, banking and IT stocks are under sell-off stress. In fact leading IT companies have given zero return in 2022. Similarly, banking stocks are unable to catch momentum.
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