Mutual funds turn bargain hunters as Nifty dips and banks lead fresh buying

As markets fell, money surged into banks and power stocks

With the Nifty index sliding in March, Indian mutual funds stepped up buying, believing valuations have reset to better levels. Flows tilted toward banks and financial companies, while power sector stocks also attracted more interest—signaling a shift toward domestic growth themes. At the same time, worries over global conflicts appear to be shaping risk appetite and stock selection.