Mutual Fund Stock Strategy: The maximum focus of mutual funds has been on IT stocks.
Mutual Fund Stock Strategy: After the lockdown, the business of IT companies has started getting better in the unlock phase. While their orderbook has strengthened, business has improved in both international and domestic markets. Due to better sentiment, IT stocks have been growing strongly in the last few days. Almost all frontline shares are at their 1-year high. At the moment, mutual funds are also not lagging behind in taking advantage of this. The focus of mutual funds has been on IT stocks. Among the 10 companies in which the maximum value of mutual funds has increased in September, 5 IT stocks are in the top 10. Brokerage house Motilal Oswal has given a report in this regard.
Most focus on shares of these companies
The stocks on which mutual funds have been the most focused in September, have 5 IT shares in the top 10.
4. HCL Tech
5. Dr. Reddy’s
6. Tech Mahindra
9. Reprimand Lab
10. Maruti Suzuki
Distance created from bank shares
Among the stocks which have fallen the most in the month of September, there are 5 bank shares in the top 10.
Among these, ICICI Bank is at number one, Axis Bank at number two and SBI at number three. Other 7 stocks in this list include Airtel, Kotak Mahindra Bank, HDFC Bank, NTPC, ITC, L&T and HUL.
Which sector increased investment
The sectors on which mutual funds have increased their focus in terms of allocation in September include technology, healthcare, auto, oil and gas, chemicals and cement sectors. At the same time, those which have reduced allocation include banks (private and PSUs), utilities, telecom, NBFCs, capital goods, consumer and metal.
Technology weightage has increased 140 points to 11.6 percent on monthly basis, which is a new high. Healthcare weightage is at a 55-month high. It has increased by 70 points to 8.7 per cent on a monthly basis. At the same time, the weightage of private bank decreased by 150 points to 15.8 percent on monthly basis, which is 29 months low.
Buyer in 44% shares of Nifty 50
In September, the focus of mutual funds is mixed on frontline stocks. According to the report, mutual funds are buyers in 44 per cent of the Nifty 50 stocks in September. Whereas a month ago, they were buyers in 38 per cent and before that about 40 per cent shares.
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