Elementor #2144

Large-cap allocation held steady near 70%. IT sector weight trimmed slightly amid global macro concerns. Duration in debt schemes extended marginally — a shift worth noting for short-term debt investors.

Financial services allocation increased to 31% — highest in 12 months. Pharma exposure trimmed. Multi-cap schemes showed increased mid-cap tilt as valuations in large-cap space remained stretched.

Equity allocation in balanced advantage fund moved to 55% — lower than January's 61%. Cash-and-equivalent holdings rose, suggesting cautious positioning heading into the Union Budget.

Strong start to the year with equity AUM touching new highs. ELSS schemes saw inflow spike ahead of tax season. Flexi-cap allocation leaned heavily toward large-cap, reflecting cautious optimism.

Year-end positioning showed broad diversification across market caps. Debt fund average maturities shortened ahead of expected rate cuts in early 2025.