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Mutual Funds Trim IT Holdings but Maintain ₹4 Lakh Crore Sector Bet
Mutual funds cut select IT holdings but retain ₹4 lakh crore exposure, signaling cautious rebalancing.
Domestic mutual funds have reduced stakes in nine out of ten major IT companies, yet nearly ₹4 lakh crore remains allocated to the technology sector. The move reflects portfolio rebalancing amid valuation concerns and slower earnings growth. Fund managers appear cautious but not bearish, maintaining selective exposure to high conviction names. Analysts view this as strategic positioning rather than a structural exit from IT.