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  • News From Press Mutual fund exposure in bank stocks hits a record at Rs 94,000 crore

    Mutual fund exposure in bank stocks hits a record at Rs 94,000 crore

    Source: Economic Times Aug 9, 2016

    Mutual funds ramped up their allocation for bank stocks to a record high of nearly Rs 94,000 crore by June-end, primarily on account of steps taken by the government and RBI to clean up the banking system.

    Fund managers have been raising their allocation to banking since February. Prior to that, they had trimmed exposure to the sector between November and January due to higher bad loans. 
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