businessUpdated: Sep 12, 2020 14:19 ISTThe scorching rally in Reliance Industries Ltd.’s shares is becoming a problem for India’s equity mutual funds. The stock has more than doubled from a March low, thanks to Chairman Mukesh Ambani’s fundraising blitz. The run up has increased the company’s weighting in the S&P BSE Sensex to 17.4%, from 11% at the end of 2019. “Funds have no option but to book profits in such cases to comply. Large-cap funds have risen 8% on average over the past six months, data on Morningstar Investment Adviser’s website show.

Source: Hindustan Times September 12, 2020 08:52 UTC