VERIFIEDEconomic Times News·14 Aug 2026neutral

MFs cut PSU bank exposure, raise bets on IT, auto & pharma in July

AI Summary

·Mutual funds increased investments in IT, automotive, and pharmaceutical sectors in July.
·Financial services, including NBFCs and private lenders, saw increased fund inflows.
·Exposure to public sector banks like SBI and Bank of Baroda was reduced by fund managers.