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Private banks emerge as top investment destination for mutual fund mangers, says report

Updated : September 16, 2020 03:15 PM IST

The weightage of private banks in mutual fund schemes was up by 110 basis points (bps) from 16.2 percent in July to 17.3 percent in August.
Several factors such as declining interest towards the oil and gas sector, fundraising spree of private lenders may also have played a crucial role in the new trend.
Private banks emerge as top investment destination for mutual fund mangers, says report

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