News From Press MFs bet on financials for growth

MFs bet on financials for growth

Source: Dalal Street Investment Journal Aug 3, 2016

Even as investments in mutual funds increase with increasing participation by retail investors in India, mutual funds are allocating a sizeable chunk of funds in financials.

Financials clearly dominate when it comes to attracting the funds. In total 718 schemes have invested in the sector. A total of Rs 1,14,851 crore has been invested in the sector via these 718 mutual fund schemes. HDFC Equity Fund -G is the fund with Rs 5,703 crore allocated to the sector.

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