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Mutual Funds' February Stock Picks: Private Banks Lead, PSU Banks See Sell-Off
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Mutual Funds Shift: Private Banks Gain, PSU Banks See Sell-Off in February
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CNBC Awaaz
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17-03-2026, 14:08
Mutual Funds Shift: Private Banks Gain, PSU Banks See Sell-Off in February
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Mutual funds maintained similar cash levels in February as in January, indicating stable investment activity.
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Approximately ₹9,000 crore was withdrawn from PSU banks, with major sell-offs in State Bank of India, Union Bank of India, and Punjab & Sind Bank.
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Private banks saw the highest investment of ₹16,412 crore, with significant buying in HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.
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The IT Services sector attracted ₹12,741 crore, with Infosys, HCLTech, and TCS among the top buys.
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E-commerce received ₹8,108 crore, with investments in PB Fintech, Paytm, and Swiggy, while Nykaa and Delhivery saw sell-offs.
Read Full Article on Cnbc in Hindi
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