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A report by Motilal Oswal Financial Services shows that fund managers increased allocation to private banks, capital goods, consumer, automobiles, healthcare, NBFCs, retail, metals and telecommunication in March 2024.
Among these, telecommunication (6.9%), metals (6.6%), retail (6.4), capital goods (6%) and consumer sectors (5.6%) saw significant growth in March 2024.
Further, private banks emerged as the top sector holding for mutual funds, forming 16.9% weightage in March 2024. Following private bank sectors, technology (8.7%), automobiles (8.3%), capital goods (7.9%) and healthcare (7.4%) were the next four sectors with highest exposure.
On the other hand, MFs reduced their exposure to technology (-0.8%), PSU banks (-0.1%), cement (-0.1%), consumer durables (-0.1%), real estate (-0.1%), infrastructure (-0.1%) and media (-0.1%).
Let's look at the table to learn more about sector-wise weightage in MF:
