MFs cosy up to consumer cyclicals

Updated: November 11, 2014 1:48:38 AM

In the three months to September, financial services continued...

In the three months to September, financial services continued to be the most-owned sector in equity mutual fund portfolios. Consumer cyclicals, which pipped industrials to become the second most popular, have seen a continuous increase in exposure over the last six months because of rising revenues for retail companies, auto manufacturers and hospitality firms.

Data from Morningstar’s India Fund Portfolio Scanner show an interesting trend reversal with defensive sectors like healthcare gaining fund managers’ interest. Real estate continues to be the least favoured sector.

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