In April, mutual funds showed strong interest in specific sectors, making substantial investments. These sectors saw the highest stake purchases, reflecting investor confidence and evolving market trends. Check out the sectors that attracted the most mutual fund investments.
Here is the list of 5 Sectors where Mutual Funds increased their Stake by the Highest
1. Information Technology
The IT sector tracks the performance of India’s leading technology and software service companies. It reflects trends in digital transformation, outsourcing demand, and global tech spending. The top stocks in this sector are TCS, Infosys, HCLTech, Wipro, and Tech Mahindra.
In April, mutual funds significantly increased their exposure to the IT sector. They invested a total of Rs. 9,598 crore in various stocks that are components of this Sector.
2. Financial Services
The Financial Services sector tracks the performance of leading financial companies in India, like banks, NBFCs, and insurers. It shows how the financial sector is doing. The top stocks in this sector are HDFC Bank, ICICI Bank, SBI, Kotak Bank, and Axis Bank.
In April, mutual funds significantly increased their exposure to the Financial Services sector. They invested a total of Rs. 4,451 crore in various stocks that are components of this Sector.
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3. Industrials
The Industrials sector represents companies involved in infrastructure, engineering, capital goods, and logistics. It is a key indicator of economic activity and industrial output. The top stocks in this sector are Larsen & Toubro (L&T), Siemens, ABB India, Bharat Electronics (BEL), and Cummins India.
In April, mutual funds significantly increased their exposure to the Industrials sector. They invested a total of Rs. 3,340 crore in various stocks that are components of this Sector.
4. Commodities
The Commodities sector includes companies engaged in the production and distribution of raw materials such as metals, mining, cement, and chemicals. It reflects the health of global demand and industrial growth. The top stocks in this sector are Reliance Industries, NTPC, UltraTech Cement, Tata Steel, and Grasim Industries.
In April, mutual funds significantly increased their exposure to the Commodities sector. They invested a total of Rs. 3,107 crore in various stocks that are components of this Sector.
5. Healthcare
The Healthcare sector covers pharmaceutical companies, hospitals, and diagnostic service providers. It reflects trends in medical innovation, domestic healthcare demand, and exports of generic drugs. The top stocks in this sector are Sun Pharma, Dr. Reddy’s Labs, Cipla, Apollo Hospitals, and Divi’s Laboratories.
In April, mutual funds significantly increased their exposure to the Healthcare sector. They invested a total of Rs. 2,134 crore in various stocks that are components of this Sector.
Written By Abhishek Das
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