Mutual funds reduce investments in IT stocks in February, weight slips to 8 year low

Mutual funds reduced exposure to IT stocks in February, with the sector’s weight in portfolios falling to an eight-year low of 6.9%, according to a Motilal Oswal report. The decline follows a sharp fall in tech stock values, even as some fund houses selectively increased holdings in key companies like Infosys and TCS.

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