Mutual funds picked stocks from these 6 sectors in November
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MF Action
In November 2022, mutual funds (MFs) showed interest in oil & gas, banks and technology stocks, leading to a month-on-month (MoM) increase in their weights. In contrast, MoM moderation was observed in auto, healthcare, capital goods, retail, consumer, utilities, chemicals and consumer durables. Here is a list of six sectors where MFs increased their weights, according to a report by Motilal Oswal:
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Private Bank
Mutual funds increased their weight in private bank stocks by 20 bps MoM to a 21-month high of 18.9% in November.
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Technology
MFs raised their weight in technology stocks by 20 bps MoM to 10.2% at the end of November.
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Oil & Gas
MFs increased their weight in oil & gas stocks for the second consecutive month by 20 bps MoM to 6.4% in November.
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PSU Bank
Mutual funds increased their weight in PSU bank stocks by 20 bps MoM to a 34-month high of 3.9%.
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Cement
MFs raised their weight in cement stocks by 10 bps MoM to 2.5% by the end of November.
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Metal
Mutual funds increased their weight in metal stocks by 10 bps MoM to 2.5% in November.