Mutual funds (MFs) are betting on a turnaround in the healthcare sector to boost returns but are divided on the prospects of the information technology (IT) sector amid uncertain growth outlook.
At the end of June, all of the top 20 fund houses were overweight on the healthcare sector vis-à-vis the sector’s presence in the BSE 200 index, shows a report by Motilal Oswal Financial Services (MOFS). In the case of the IT sector, only six of the 20 fund houses had overweight positions. Meanwhile, the overall MF allocation in the technology sector has remained at a three-year low level of 9.3 per cent.
