First Published: 15 Nov 2022, 11:26 AM IST
Mutual funds houses allocate maximum funds to banking, IT stocks
Updated: 15 Nov 2022, 11:26 AM IST
TL;DR.In the banking stocks, the allocation of AMCs is as high as 15 percent (UTI MF) and 11.1 percent by HDFC MF. Similarly, most AMCs choose software as the next important sector to invest in.
Almost all top asset management companies have invested the largest share in banks followed by other sectors such as software, consumer durables and finance. (Source: Ace MF)
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