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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Let us tabulate the ranks of various sectors according to fund allocation.
Statement I : Automobile is ranked by both Alpha and Beta as same. This statement is incorrect.
Statement II : Financial is most favoured by all three Mutual Funds. This statement is incorrect as Energy sector is most favored by fund Gama.
Statement III : Services is ranked by all three Mutual Funds within top 9 ranks. We can see that this statement is correct. Hence, option D is the correct answer.