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Banking mutual funds under pressure amid FII selling. Should you stay away?

By Economic Times - 2 days ago
Banking funds faced pressure recently due to foreign institutional investors selling. The loan to deposit ratio is high, making deposit mobilization challenging for banks. Despite recent underperformance, experts suggest considering these funds for medium-term investment. They recommend an allocation of 10% to 15% as a contrarian strategy. The overall outlook for the sector is neutral to mildly positive.

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