IT stocks have been under pressure since the Nifty IT index touched its all-time high of 45,995.80 on December 13, 2024. Concerns over artificial intelligence (AI) disruption and slowing growth in the technology sector have added to the uncertainty, while mutual fund portfolios have also seen significant changes in their IT exposure.

The sharpest change was in Samco Flexi Cap Fund, where IT allocation fell from 27.47 percent to just 3.28 percent, a decline of 24.19 percentage points.

TRUSTMF Flexi Cap Fund followed, with its IT exposure dropping from 17.60 percent to 2 percent, a reduction of 15.60 percentage points.

The decline extended to other schemes, including Helios Large & Mid Cap, Helios Flexi Cap and Motilal Oswal Flexi Cap, all of which had IT allocations exceeding 20 percent in December 2024 but now have Single Digit exposure.

Source:- https://www.moneycontrol.com/news/business/personal-finance/