News From Press MFs cut weight on technology stocks by 170 bps in just 3 months. What are cues for investors?

MFs cut weight on technology stocks by 170 bps in just 3 months. What are cues for investors?

Source: ET Jun 22, 2024

Technology stocks slipped to the fourth spot in mutual funds' priority list in May from the third position in the previous month as they slashed sectoral weight by 20 bps over April taking it to a 51-month low of 7.8%. On a year-on-year basis, the decline is of 180 bps out of which 170 bps drop is accounted for in the last three months.

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