The stock market today feels the weight of IT once again.
For the fourth straight session, technology stocks stayed under pressure. Concerns around artificial intelligence disrupting the labour-heavy domestic tech sector have unsettled sentiment. The effect is visible not just in IT counters, but across benchmark indices.
And here’s the bigger story — India’s largest mutual funds, from PPFAS to ICICI Pru Larecap share price plays, have meaningful exposure to technology stocks. That’s where the conversation is now shifting.
Market Performance: IT Weakness Deepens, Benchmarks Feel the Heat
The numbers tell the story clearly.
- Nifty IT index declined nearly 1% on Monday, February 16
- The index is down 9.4% in the last four sessions
- Month-to-date, the fall stands at 14.7%
This isn’t a one-day tremor. It’s a sustained slide.
Technology stocks carry over 10% weightage in benchmark indices. So when IT weakens, the broader market reacts. That ripple effect is playing out in the stock market today, dragging down overall sentiment.
There’s nervousness. There’s repositioning. And there’s a lot of attention on where big money is parked.
Main News: Top Mutual Funds Hold 10%+ in Tech
The spotlight is now on India’s leading mutual funds.
Several top funds have 10% or more allocation to technology stocks. In a falling IT cycle, that matters.
Parag Parikh FlexiCap Fund (PPFAS)
India’s largest mutual fund by assets manages ₹1,33,970 crore.
- Around 25% of its portfolio is invested in technology names.
- Holdings include Indian IT giants like Infosys, HCL Tech, and TCS.
- It also owns global technology companies such as Amazon, Alphabet, Facebook, and Microsoft.
This means exposure isn’t just domestic — it’s global tech too.
When IT corrects sharply, both local and international portfolios face pressure. That’s the double impact investors are seeing unfold.
From PPFAS to ICICI Pru Larecap Share Price: Exposure Patterns Emerge
It’s not just one fund.
Other major schemes also carry notable exposure to technology stocks:
- Kotak Midcap Fund: 14–16% allocation
- ICICI Pru Value Fund: 14–16% allocation
- Kotak Flexicap Fund: 14–16% allocation
Barring Nippon India Smallcap Fund (AUM: ₹65,000 crore), most leading funds have 10%+ weightage in technology names.
This becomes relevant in the stock market today, where IT is driving market movement.
The link between sector performance and fund exposure is now part of the broader conversation.
Why IT Matters So Much to the Stock Market Today?
The Indian IT sector is not a small pocket of the market.
With over 10% weightage in benchmark indices, it has the power to sway overall index direction. A 9–10% slide in just four sessions amplifies index-level volatility.
Investors tracking PPFAS to ICICI Pru Larecap share price movements are indirectly watching IT trends.
When a sector that holds double-digit index weight declines 14.7% month-to-date, the pressure doesn’t stay confined. It spreads.
That’s exactly what we’re witnessing.
Company & Fund Exposure Snapshot
Here’s the exposure structure simplified:
Parag Parikh FlexiCap Fund (PPFAS)
- AUM: ₹1,33,970 crore
- Tech allocation: ~25%
- Indian holdings: Infosys, HCL Tech, TCS
- Global holdings: Amazon, Alphabet, Facebook, Microsoft
Other Major Funds
- Tech exposure range: 10–16%
- Funds include: Kotak Midcap, ICICI Pru Value, Kotak Flexicap
- Nippon India Smallcap Fund (₹65,000 crore AUM) is an exception
The concentration is real. The exposure is meaningful.
Stock Market Today: Sector Pressure, Broad Implications
Markets move in cycles. Some phases are leadership-driven. Others are drag-driven.
Right now, IT is in the second category.
The ongoing 9.4% four-day correction and 14.7% month-to-date fall have shifted attention to allocation patterns. When leading funds hold double-digit exposure, the sector’s weakness becomes a broader market story.
This is why PPFAS to ICICI Pru Larecap share price discussions are gaining traction alongside the overall stock market today movement.
It’s less about one stock. More about sector weight.
Summary: IT Exposure Shapes Market Mood
Here’s the takeaway, clearly and simply:
- IT stocks declined 9.4% in four sessions
- Month-to-date fall stands at 14.7%
- IT commands 10%+ weightage in indices
- Top mutual funds hold 10–25% allocation in tech stocks
- PPFAS alone has ₹1,33,970 crore AUM, with ~25% in tech
In the stock market today, sector allocation is steering market direction.
From PPFAS to ICICI Pru Larecap share price, the common thread is exposure to technology. And when a heavyweight sector weakens, its shadow stretches across the market.
Source: Livemint
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