In July, mutual funds increased their allocation to the IT sector to 6.6 per cent, marking a positive shift after an extended period of minimal investment from fund managers. Analysts believe this surge is mainly driven by valuation factors, highlighting a cautious approach from growth investors who are wary of AI's potential effects on IT services. Current SIP investors are encouraged to remain invested, while newcomers should adopt a strategic method.
Looking for the best mutual funds to invest? Here are our recommendations.
(Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
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