Mutual funds equity exposure in banks at all-time high

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MF equity exposure in banks at all-time high. MF equity exposure in banks at all-time high.
SummaryBanking stocks found favour with fund managers in last quarter of CY12 on rising expectations.

on the policy front has boosted sentiments among investors and allayed concerns on the fiscal and current account deficits to some extent. At its policy meet last week, the RBI revised down its GDP growth projection to 5.5% y-o-y in FY13 from 5.8% earlier. The banking sector typically grows at three times the GDP growth rate, said experts.

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