Mutual Fund's exposure to bank stocks hit record Rs 1.16 lakh crore in Jan
"We could be getting close to the bottom of the NPAs (non-performing assets) cycle, valuations were not that expensive, hence funds could have preferred buying into the sector," Quantum Mutual Fund Associate Fund Manager Equity Nilesh Shetty said.
Mutual funds' allocation for bank stocks hit a record high of Rs 1.16 lakh crore in end-January, primarily on account of cheaper valuations. Photo: Pixabay