Which sectors attracted mutual fund interest in August? Check details
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Most-preferred sectors for investment
In August, mutual funds increased their allocation to sectors including Insurance, Healthcare, Capital Goods, Metals, E-Commerce, NBFC–Non-Lending, PSU Banks, Retail, and Real Estate, leading to a month-on-month rise in their portfolio weights, according to a report by Motilal Oswal Financial Services.
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Moderation in weight
Nine sectors such as Consumer, NBFC - Lending, Utilities, Private Banks, Oil & Gas, Telecom, Cement, Chemicals, and Logistics saw a month on month moderation in weights.
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Banks-private lead
Private banks had the highest weightage of around 17.2% in August. The weight in this sector changed from 17.4% on a monthly basis.
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Other sectors that gained traction
The other sectors that gained mutual funds interest were Automobiles (8.9%), Healthcare (8.4%), Capital Goods (7.9%), and Technology (6.6%).
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Maximum increase in value
Around 15 sectors saw an increase in value on a monthly basis. The top five sectors that saw the maximum increase were - Insurance, textiles, NBFC - non lending, E-Commerce, and real estate
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Decline in value
Around 11 sectors saw the decline in their values on a monthly basis and some of the top sectors were utilities, cement, media, consumer, oil & gas, and telecom.
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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 (20 funds under-owned), Private Banks (15 funds under owned), PSU Banks (13 funds under-owned), Consumer (12 funds under-owned), and Technology (11 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 (16 funds over-owned), Healthcare (14 funds over-owned), E-Commerce (10 funds over-owned), Capital Goods (9 funds over-owned), and Chemicals (8 funds over-owned).