Mutual funds’ (MFs) holding of banking stocks declined by over ₹21,600 crore to ₹1.88 lakh crore in September, driven by the correction in equity markets.
Overall deployment of equity funds in bank stocks stood at ₹1,88,620 crore at the end of September as compared with ₹2,10,251 crore in the preceding month, as per data available from the Securities and Exchange Board of India.
This was the lowest level of deployment since June, when equity funds’ exposure to bank stocks stood at ₹1.87 lakh crore. In May, it was ₹1.89 lakh crore.
