 "savings, investment, tax, insurance, policy, Mutual fund, MF")
Domestic mutual fund (MF) managers’ preference for private banks has been no secret — more than a fifth of every penny deployed in the stock markets went into private lenders. But, many large fund managers, of late, are tempering their expectations from this space.
In May, equity MF exposure to private banks hit a 20-month low — 16.7 per cent of assets under management (AUM). The weighting has seen a decline of nearly 440 basis points on a year-to-date (YTD) basis, the data provided by Motilal Oswal Research shows.
Though banking and financial remains the sector where most MF assets have been
