The economic uncertainty and the state of individual finances has impacted investments. Several retail investors say they are in no position to consider fresh investments at this time.
The RBI's announcement comes days after the Franklin Templeton announced to close six of its credit funds.
The fund house said that mutual funds, especially in the fixed income segment, are facing continuous and heightened redemptions.
This was the lowest level of deployment since June, when equity funds' exposure to bank stocks stood at Rs 1.87 lakh crore. In May, it was at Rs 1.89 lakh crore.
"Sentiments may get impacted as mutual funds have been gaining traction among investors as route to invest in stock markets," HDFC AMC chairman Deepak Parkeh said
In this file image, Punjab Cabinet Minister of Tourism and Cultural Affairs Charanjit Singh Channi addresses the foundation stone laying ceremony of a memorial for those killed in Jallianwala Bagh massacre, at Anand...PTI Photo
Congress supporters outside Governor's residence after Charanjit Singh Channi, was announced as the next CM of Punjab, in Chandigarh.PTI Photo
Former union minister and sitting MP Babul Supriyo during interaction with media, in the presence of TMC Rajyasabha MP Derek O'Brien (R) and TMC leader Saugata Roy (L) at a city hotel in Kolkata.PTI Photo/Swapan Mahapatra
UP Chief Minister Yogi Adityanath being garlanded on his visit to Dr. Ram Manohar Lohia Avadh University in Ayodhya.11
The Indian Coast Guard (ICG) team at Mandapam have seized two tonnes of banned sea cucumber.PTI Photo
India is poised to become a global education hub with the government introducing major policy changes
Outlook's annual ranking of India’s top 50 State Private Universities in 2021 will help students make an informed choice.
Jain to Patidar. Was caste a decisive factor in the BJP’s choice for CM during the recent change of guard in Gujarat?
With all foreign soldiers out of Afghanistan, the Taliban is now in a position to do pretty much what it wants.
It can be a crucial stepping stone to develop young minds to appreciate the importance of practising honesty throughout their academic journey and lay the foundations for successful professional careers.
One can be pro-religion, but against coerced religion; one can be pro-vaccines, but against coercion and mandates
We can do anything with the Cloud. Buy and sell, eat, cook, get our clothes, houses, cars, watch movies, read books, listen to music, talk, write, communicate, ask, create, teach, learn, heal…. Schools must prepare children for this world.