News From Press Fund managers trim PSB exposure, see better value in private banks

Fund managers trim PSB exposure, see better value in private banks

Source: Business Standard Apr 24, 2024

Mutual fund (MF) managers have trimmed their allocation in public sector banks (PSBs) in the recent months amid assumption that the stock prices may have already run their course.
The decision to cut PSB exposure, according to fund managers, is also driven by the availability of better opportunities in the private bank space.

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