The net equity exposure of most large balanced advantage funds (BAFs) has decreased in the past few months, with two of the largest schemes in this category offered by ICICI Prudential Mutual Fund (MF) and SBI MF lowering allocations below 40 per cent.
The average equity exposure of the five largest schemes stood at 53.4 per cent at the beginning of the calendar year 2024 (CY24). It decreased to 51 per cent by the end of April 2024, according to portfolio disclosures.
