News From Press Mutual Funds up their stake in private banks, HDFC Bank sees record steepest surge

Mutual Funds up their stake in private banks, HDFC Bank sees record steepest surge

Source: Moneycontrol 3 hours ago

Top private lenders saw a rise in their shareholding by mutual funds (MF), largely driven by robust growth opportunities in the sector. A Moneycontrol analysis of the top eight banks’ data and numbers showed a rising pattern from June 2023 to June 2024.

HDFC Bank, the largest private sector bank in the country, saw the highest jump in shareholding by MFs, from 17.6 percent to 24.83 percent.

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