News From Press MFs drop exposure to banks, NBFCs in Q4; hike in auto and pharma

MFs drop exposure to banks, NBFCs in Q4; hike in auto and pharma

Source: BS Apr 20, 2024

Mutual funds (MFs) pruned exposure to banks and non-banking financial companies (NBFCs) during January-March 2024, amid persistent margin pressure and regulatory issues.

The underperformance of banks in the fourth quarter vis-a-vis other sectors also led to a decline in their weight in MF portfolios.

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