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Mutual funds raise IT exposure to 6.6% in July after record low. Is sentiment towards tech improving?
In July, mutual funds increased their allocation to the IT sector to 6.6 per cent, marking a positive shift after an extended period of minimal investment from fund managers. Analysts believe this surge is mainly driven by valuation factors, highlighting a cautious approach from growth investors who are wary of AI's potential effects on IT services. Current SIP investors are encouraged to remain invested, while newcomers should adopt a strategic method.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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MFs cut PSU bank exposure, raise bets on IT, auto & pharma in July
In July, fund managers recalibrated their blue-chip stock portfolios, focusing on select sectors like IT, automotive, and pharmaceuticals for increased investments. Notably,…
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Mutual funds raise IT exposure to 6.6% in July after record low. Is sentiment towards tech improving?
In July, mutual funds increased their allocation to the IT sector to 6.6 per cent, marking a positive shift after an extended period of minimal investment from fund managers.…