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Mutual Funds cut banking stock exposure PTI

( 12:00, 20-Aug-16)

Mutual funds’ allocation to bank stocks slumped to ₹82,042 crore at the end of July, after touching a record high of ₹93,885 crore in June.

Prior to that, fund managers had been raising their allocation to banking shares since February. They had trimmed exposure to the sector between November and January due to higher bad loans.

Experts have attributed the trim in allocation to banking stocks to mounting bad loans of public sector banks.

Source -  Business Line

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