Mutual fund managers News

Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations.

Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.26 lakh crore at the end of March, mainly due to cheaper valuations.

Mutual fund managers have purchased stocks worth close to Rs 5,000 crore in this month so far on sustained participation by retail investors.  

Mutual fund managers pumped in nearly Rs 43,000 crore into the debt market since the beginning of June, taking the total to around Rs 76,000 crore so far in the current fiscal.

Mutual fund managers have pumped in over Rs 600 crore into equities since the beginning of this month, taking the total to more than Rs 7,200 crore in the current fiscal so far.

Mutual Fund managers have picked up shares worth Rs 6,500 crore in November, taking the total to a staggering more than Rs 58,000 crore in the current fiscal.

Bullish on banking stocks, Mutual Fund managers have raised their allocation to the sector to all time-high of over Rs 85,376 crore in October.

Mutual Fund managers remained bullish on equity markets and purchased shares worth a staggering Rs 52,000 crore in the first seven months of the ongoing financial year.

Mutual fund managers continued their shopping spree in September, net buying shares worth close to Rs 8,700 crore amid sluggish equity market trends.

This was higher than Rs 5,442 crore pumped into the equity markets last month.

Mutual Fund managers have been on a shopping spree for banking stock, raising their allocation to the sector to over Rs 79,000 crore in May in anticipation of a rate cut by the Reserve Bank.

According to the industry experts, fund managers have raised their allocation to bank stocks expecting a rate cut by the RBI.

Continuing with the bullish stance on software stocks, mutual fund managers raised their exposure in the sector to a historic high of over Rs 35,000 crore in January this year.

To make it easier for domestic mutual funds to manage offshore pooled assets, Sebi Monday proposed to drop '20-25 rule', which requires a minimum of 20 investors and a cap of 25 percent investment by an individual investor in a particular scheme, for certain foreign entities.

Mutual fund managers raised their exposure in bank stocks to an all-time high of nearly Rs 63,000 crore in October this year amid a rally in the stock market.

Fund managers' exposure to the software space has dropped to the lowest level in nine months to Rs 22,986 crore at the end of May, amid weakness in the sector.