An analysis of the latest shareholding pattern of the new-age companies shows that domestic fund houses increased their ownership in Nykaa by 336 bps to 8.5% in Q1. The stock of the fashion and lifestyle e-tailer has been among the worst performers in the pack of new-age stocks and is down by about 39% in the last one year.
SBI and PPFAS Mutual Fund among 5 AMCs that had over Rs 10,000 crore cash in their portfolio in November
Mutual funds have reduced overall cash allocation by over Rs 7,149 crore to Rs 2.01 lakh crore in November against Rs 2.09 lakh crore in