Thursday, 23 March 2017

Time To Be Careful: Fund Managers Are Shying Away From Stocks

As the benchmark indices have been going strong on bourses, it is imperative for the investors to be euphoric. However, the seasoned names on the street are going slow on stocks. 

A look at some of the long term performers make it clear that, it is that time of the year, when you tread with care in stocks.

A look at the portfolio of ICICI Prudential Balanced Advantage Fund, the largest mutual fund scheme In India investing in stocks reveals that the exposure to stocks have been cut over last one year. 

The net equity investments of this scheme are down to 54% as on February 28, 2017 as compared to 77% on January 31, 2016.

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