Mutual Funds Bet Big On Information Technology Sector In August
The Indian mutual fund industry continued to see strong inflows into active equity mutual funds in the month of August. But as domestic market trades amid historically elevated valuations, fund managers revised their holdings incrementally towards stocks in the information and technology, as well as the healthcare space.
However, cash and cash equivalents saw the biggest rise in the month of August in terms of rise in holdings as a percentage of the total assets held, showed data provided by Ace Mutual Fund.