V. Srivatsa of UTI AMC is strategically reducing exposure to financial services within the UTI Large & Mid Cap Fund due to rising valuations. While maintaining a focus on stability and growth, the fund is selectively diversifying into other sectors.
FPIs bet small on local debt, inflow pickup seen far away
April witnessed a slight inflow of foreign investments into Indian debt, but the atmosphere remains one of caution. Influences like escalating US and Japan interest