Mutual fund investments in September: Which sectors are gaining the most?
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Most-preferred sectors for investment
In September, mutual funds increased their portfolio weights in Healthcare, Metals, Private Banks, Consumer, E-Commerce, Utilities, NBFC Non-Lending, Consumer Durables and Logistics, according to a report by Motilal Oswal Financial Services.
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Moderation in weight
Five sectors, including Technology, Automobiles, PSU Banks, NBFC-Lending and Retail, saw a month-on-month moderation in portfolio weights.
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Private banks lead
Private banks had the highest portfolio weight at around 17.3% in September, up from 17.2% in the previous month.
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Other sectors that gained traction
Other sectors with significant mutual fund portfolio weights included Healthcare at 8.6%, Capital Goods at 7.9% and Technology at 6%.
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Maximum increase in value
Only three sectors recorded a month-on-month increase in value: Media, NBFC Non-Lending and Metals.
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Decline in value
Around 23 sectors recorded a month-on-month decline in value. Some of the key sectors were Technology, PSU Banks, Automobiles, NBFC-Lending and Cement.
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Sectors with ownership at least 1 percentage point lower
The sectors where mutual fund ownership was at least 1 percentage point lower than their weight in the BSE 200 included Oil & Gas (under-owned by 19 funds), Private Banks (15 funds), Technology (12 funds), PSU Banks (12 funds) and Consumer (12 funds).
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Sectors with ownership at least 1 percentage point higher
The sectors where mutual fund ownership was at least 1 percentage point higher than their weight in the BSE 200 included Healthcare (over-owned by 16 funds), NBFC Non-Lending (16 funds), E-Commerce (10 funds), Capital Goods (9 funds) and Chemicals (8 funds).