Mutual fund managers reduced cash in equity portfolios to a five-year low. This move utilized recent stock declines in banking and IT sectors. Funds like Parag Parikh Flexicap significantly cut their cash positions. They invested in companies with attractive valuations and resilient earnings. This strategy reflects a shift towards deploying capital in beaten-down stocks.
​Mutual fund managers reduced cash in equity portfolios to a five-year low. This move utilized recent stock declines in banking and IT sectors. Funds like Parag Parikh Flexicap significantly cut their cash positions. They invested in companies with attractive valuations and resilient earnings. This strategy reflects a shift towards deploying capital in beaten-down stocks. by Soban News (international And National News)
