Which sectors attracted mutual fund interest in July? Check details
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Most-preferred sectors for investment
Mutual funds showed interest in Technology, Automobiles, E-Commerce, Healthcare, NBFC-Lending, and Telecom, leading to a month-on-month increase in their weights in July, according to a report by Motilal Oswal Financial Services.
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Moderation in weight
Sectors such as Private Banks, Capital Goods, Utilities, Oil & Gas, PSU Banks, Retail, Insurance, and Consumer Durables saw a month-on-month moderation in weights.
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Banks-private lead
Private banks had the highest weightage of around 17.4% in July. The weight in this sector changed to 17.9% on a month-on-month basis.
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4/7
Other sectors that gained traction
The other sectors that gained mutual fund interest were Automobiles (8.9%), Healthcare (8.1%), Capital Goods (7.6%), and Technology (6.6%).
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Maximum increase in value
Around 19 sectors saw an increase in value on a monthly basis. The top five sectors that saw the maximum increase were Technology, e-commerce, EMS, Media, and auto, whereas the sectors that saw the decline were capital goods, retail, utilities, logistics, textiles, banks- private and insurance.
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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), Private Banks (15 funds under-owned), Consumer (14 funds under-owned), PSU Banks (12 funds under-owned), and Utilities (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 (15 funds over-owned), Healthcare (15 funds over-owned), E-Commerce (10 funds over-owned), Capital Goods (9 funds over-owned), and Chemicals (9 funds over-owned).