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Tech stocks turn attractive for mutual funds amid pandemic


Tech stocks turn attractive for mutual funds amid pandemic
​ By
IANS
|
Published on
​ Wed, Apr 14 2021 17:57 IST
|
​ 11 Views
Tech stocks turn attractive for mutual funds amid pandemic. Image Source: IANS News
Mumbai, April 14 : Technology stocks were among the favoured stocks among mutual funds amid the pandemic.
Technology sector saw a massive rise in weightage in FY21 to 11.9 per cent (up 300 bps YoY). The sector is now the second in terms of sectoral allocation by MFs, said a Motilal Oswal Financial Services Report. A year ago, it was in the third position.
In terms of value increase on a month-on-month increase in March, three of the top five stocks were from technology - Infosys (up Rs 7,000 crore), TCS (up Rs 3,960 crore), and HCL Tech (up Rs 1,690 crore). ....

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Mutual funds' AUM surge 41% to Rs 31 lakh cr in FY21


Mutual funds AUM surge 41% to Rs 31 lakh cr in FY21
​ By
IANS
|
Published on
​ Wed, Apr 14 2021 13:57 IST
|
​ 5 Views
 
SEBI may issue norms for minimum holding in liquid assets for MFs. Image Source: IANS News
Mumbai, April 14 : Assets under management (AUM) of the mutual fund industry witnessed a growth of 41 per cent in the last financial year to touch a new high of Rs 31.4 lakh crore.
The growth was primarily led by an increase in AUM of equity funds (Rs 4.09 lakh crore), income funds (Rs 2.39 trillion) and other ETFs (Rs 1.29 lakh crore), said the Fund Folio report from Motilal Oswal Financial Services. ....

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Mutual funds' assets under management surge 41% to Rs 31 trillion in FY21

Mutual funds' assets under management surge 41% to Rs 31 trillion in FY21
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