Where are mutual funds placing their bets? A look at April’s sectoral trends
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Most-preferred sectors for investment
In April, mutual funds showed interest in Capital Goods, NBFC - Lending, Utilities, Retail, NBFC - Non Lending, Chemicals, Real Estate, Logistics, and EMS leading to month on month increase in their weights, according to a report by Motilal Oswal Financial Services.
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Moderation in weight
Sectors such as Technology, Private Banks, Healthcare, Oil & Gas, Automobiles, Telecom, Insurance, and Cement saw a month on month moderation in weights.
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Banks-private lead
Private banks had the highest weightage of around 17.3% in April. The sector saw a marginal decline of 0.3% on a monthly basis.
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Other sectors that gained traction
The other sectors that gained mutual funds interest were Automobiles (8.4%), Capital Goods (7.8%), Healthcare (7.5%), Technology (6.7%).
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Maximum increase in value
All sectors saw an increase in value on a monthly basis. The top five sectors that saw the maximum increase were - NBFC - Non Lending, logistics, capital goods, EMS and utilities whereas the sectors that saw increase in single-digits were metals, auto, banks-private, textiles, oil & gas, healthcare, cement, telecom, insurance and technology.
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Sectors with ownership less than 1%
The top sectors where mutual fund ownership vis-à-vis the BSE 200 was at least 1% lower were Oil & Gas (19 funds under-owned), Consumer (15 funds under owned), Utilities (14 funds under-owned), Private Banks (13 funds under-owned), and PSU Banks (12 funds under-owned).
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Sectors with ownership of over 1%
The top sectors where mutual fund ownership vis-à-vis the BSE 200 is at least 1% higher were NBFC –Non Lending (15 funds over-owned), Healthcare (12 funds over-owned), Consumer Durables (12 funds over-owned), Capital Goods (8 funds over-owned), and Chemicals (8 funds over-owned).