Mutual Funds Top Allocation in Sector and Stocks : There has been ups and downs in the stock market since the month of September and pressure was seen in most of the trading sessions. Weakness has been seen in the stock market in both the months of October and November. After weakening by 6.2 percent on monthly basis in October 2024, Nifty closed 0.3 percent weaker in November 2024 also. FIIs proved to be net sellers for the second consecutive month in November. The fall in the market also affects the returns of equity mutual funds, due to which mutual fund houses have made some changes in their holding strategy in November. Brokerage house Motilal Oswal has given information through a report about which shares and sectors the mutual funds are investing in and from where they are withdrawing it.
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In which sectors investment was increased, from where the money was taken out
According to brokerage house Motilal Oswal, the sectors in which mutual funds have increased their investment on monthly basis in the month of November include technology, capital goods, telecom, PSU banks and real estate. The sectors in which mutual funds have reduced their investments include automobiles, healthcare, consumer, oil and gas, NBFCs, utilities, metals, insurance and real estate.
- According to the report, the weightage in technology increased by 30 basis points on monthly basis to 9.2 percent, although on annual basis the weightage has decreased by 20 basis points.
- The weightage of mutual funds in PSU banks increased to 3 percent in November 2024 after touching a low of 45 months. There has been an increase of 10 basis points on monthly basis, and 20 basis points on annual basis.
- Mutual fund weightage in automobiles moderated to 8.3 per cent (-20bp MoM; -10bp YoY).
- The weightage in the oil and gas sector has moderated to a 12-month low of 5.8 percent (-10bp MoM, flat YoY).
- Private banks have been the top sector in terms of holding (16.8%), followed by technology (9.2%), automobiles (8.3%) and capital goods (8%).
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Top 10 stocks: Most purchases in these stocks
Zomato
Infosys
ICICI Bank
SBI
M&M
TCS
Bharti Airtel
Bharat Electronics
Axis Bank
L&T
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Bottom 10 stocks: Stake reduced in these stocks
NTPC
Samvardhana Motherson
Adani Enterprise.
Torrent Power
Max Financial
Sun Pharma
Bajaj Finance
HDFC Bank
Tube Investments
Tata Motors
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How much interest in which index?
According to the report, there were net buyers in 76 percent of the stocks of mutual fund Nifty 50. Whereas, there were net buyers in 56 percent of the shares in Nifty Midcap 100 index. Whereas mutual funds were net buyers in 66 percent of the shares in Nifty Smallcap 100 index.
The total AUM of the mutual fund industry increased by 1.2% MoM to Rs 68.1 lakh crore in the month of November. In November, AUM of equity funds increased by Rs 52000 crore on monthly basis. The AUM of Income Fund has increased by Rs 15200 crore. While the AUM of Balance Fund has increased by Rs 6800 crore and the AUM of Liquid Fund has increased by Rs 5100 crore. Equity AUM of domestic mutual funds (including ELSS and index funds) increased by 1.6% MoM to Rs 33.1 lakh crore.
