Economic TimesLean R·
MFs cut PSU bank exposure, raise bets on IT, auto & pharma in July
Mutual fund managers reshuffled portfolios within blue-chip stocks in July, increasing exposure to select IT, auto and pharmaceutical names. Fund houses bought financial services plays including NBFCs and private sector lenders.Read more: Which sectors attracted mutual fund interest in July? Check detailsAt the same time, they pared holdings in PSU names such as SBI, Bank of Baroda, Canara Bank, Indian Bank and Punjab National Bank amid a broader shift towards sectors offering better earnings v…
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