New Delhi, Feb. 16 -- Indian IT stocks have been under sustained pressure for the past four sessions, dragging benchmark indices lower amid concerns that artificial intelligence (AI) is likely to disrupt the labour-intensive domestic tech sector. The Nifty IT index plunged almost 1% on Monday, February 16, taking its four-day selloff to 9.4%. On a month-to-date basis, the index is down 14.7%.

As the Indian IT sector commands a high over 10% weightage in the benchmark indices, the ripple effect of the downturn in the sector is echoing loudly through the Indian stock market.

India's top mutual funds are increasingly becoming a point of debate as they hold a sizeable exposure to technology names.

Parag Parikh FlexiCap Fund (PPFAS), India'...