Mutual funds (MFS) pruned exposure to banks and non-banking financial companies (NBFCs) during JanuaryMarch 2024, amid persistent margin pressure and regulatory issues.
The underperformance of banks in the fourth quarter vis-a-vis other sectors also led to a decline in their weight in MF portfolios.
The Nifty Bank index declined 2.4 per cent in the January-March 2024 period even as the Nifty 50 index went up 2.7 per cent.
The average exposure of active MF schemes (belonging to the top 10 fund houses) to banking sector stocks stood at 15.9 per cent at the end of March. This is significantly lower than the 19.4 per cent exposure at the beginning of calendar year 2024, shows data from Nuvama Alternative & Quantitative Research.
Diese Geschichte stammt aus der April 20, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der April 20, 2024-Ausgabe von Business Standard.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
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Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
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