It's been a swift descent from the industry's pandemic sales surge, which was fueled by shoppers outfitting home offices and snapping up computers, tablets and smartphones
The data from the Association of Mutual Funds in India shows that daily AUM of the large-cap category stood at Rs 2.10 trillion in August against Rs 1.97 trillion in July
According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.
Pockets of opportunity remain in places such as South Korea, where political pressure will push corporate governance changes, and Taiwan, where financial companies will benefit from rising yields
Broader market indices have outperformed Sensex for the last four years thanks to a surge in portfolio flows chasing alpha stocks