Mutual funds have been increasing their exposure to banking and IT stocks as these sectors continue to outperform in the market. This shift in investment strategy has been seen across various mutual funds, with many fund managers opting to increase their holdings in these sectors.
The banking sector has been performing well due to factors such as improving economic conditions, lower interest rates, and increased lending activity. On the other hand, the IT sector has been benefiting from the shift towards digitalization and remote work, which has increased the demand for IT services and solutions.
By increasing their exposure to these sectors, mutual funds are seeking to capitalize on the strong performance and growth potential of banking and IT stocks. This strategic move aims to diversify their portfolios and potentially generate higher returns for investors.
Overall, the decision to increase exposure to banking and IT stocks reflects the confidence that mutual fund managers have in the continued outperformance of these sectors in the market. Investors can expect to see more funds allocating a larger portion of their holdings towards these sectors in the coming months.