Economic TimesLean R·
Mutual fund holdings of IT stocks sink to record low in September
Mumbai: Indian mutual funds' exposure to Information Technology (IT) stocks fell to an all-time low in September as concerns over artificial intelligence (AI) disruption, weak global client spending and subdued growth prospects weighed on the sector. The decline has pushed frontline IT stocks such as Infosys and TCS, once among fund managers' biggest holdings, out of mutual funds' top holdings lists.IT stocks accounted for 5.3% of mutual funds' equity assets under management (AUM) in September,…
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