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  • News From Press Private banks continue to remain the biggest overweight for equity MFs

    Private banks continue to remain the biggest overweight for equity MFs

    Source: Business Standard Oct 15, 2020

    Private banks continue to remain the biggest overweight (OW) for equity (MFs), although the OW stance has come off its peak. At present, 25 per cent of MF investments in Nifty stocks are in private banks. Telecom, utilities, and healthcare are other top weights for MFs. On the other hand, oil & gas has been the biggest underweight (UW). The sector has 16.7 per cent in the Nifty. However, its MF allocation is just 12.2 per cent.

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