Mutual funds raise stake in equities to highest-ever level; prefer financials, consumer stocks
Updated : February 08, 2019 06:48 AM IST
They also raised stake in the broader market by 36 bps for the December quarter, Morgan Stanley said in a note.
The report by the global investment bank further added that by the end of the quarter, domestic mutual funds (DMF) had raised their stake in equities to 7.4 percent — highest level in history.
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