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MF stake hits lowest in YES Bank since 2013, multi-year low in many PSBs

image NEW DELHI: Shares of private lender YES Bank and a host of public sector lenders were on mutual funds’ sell radar in the three months ending December 31. In fact, mutual fund stake in most of these stocks fell to multi-year lows during the quarter.

Instead, domestic fund managers went shopping shares of staffing firms and cement makers, data available for 100-odd BSE500 companies showed.

The ..

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