News From Press Banking sector mutual funds lost around 9%. What should investors do?

Banking sector mutual funds lost around 9%. What should investors do?

Source: ET Mar 17, 2023

Banking sector funds have lost around 9% in this year till date. These sector funds lost around 5% in the last one week. Banking sector has been facing troubles since the Silicon Valley Bank crisis started in the US. Credit Suisse, a Swiss bank, is raising money to deal with liquidity concerns. Concerns about the health of the banking industry are changing the complexion of the markets abroad.

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