In April, Indian mutual funds rebalanced sector exposure, adding weight to capital goods, NBFC lending, utilities and logistics, while trimming technology, private banks, and healthcare. Motilal Oswal Financial Services data shows private banks remained the largest holding at roughly 17.3% but fell marginally by 0.3% month on month. The biggest traction came from sectors including NBFC non-lending and logistics, whereas multiple areas saw single-digit value gains.
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