Which Were the MostPreferred Sectors by Mutual Funds in Oct'22
1. Banks
Top mutual funds invested significant corpus in banking sector. The top stock picks were ICICI & HDFC Bank. (Source - ACE MF)
2. Software
Software was the 2nd favorite sector of mutual funds with the top stock picks being Infosys & TCS.
(Source - ACE MF)
3. Consumer Non-Durables
Mutual funds also invested heavily in the consumer non-durable sector. Top 2 stock picks were ITC & HUL.
(Source - ACE MF)
4. Finance
An all-time favorite sector of most mutual funds is Finance. The 2 stocks that were preferred are Bajaj Finance & Max Financial Services. (Source - ACE MF)
5. Pharma
Another hot favorite was the Pharma sector as top mutual funds invested majorly in Sun Pharma & Divi's Labs. (Source - ACE MF)
6. Auto
Auto ranked 6th in the list of most preferred sectors by mutual funds. Maruti and M&M were the top stock picks.
(Source - ACE MF)
7. Industrial Products
Mutual Funds also gained exposure to industrial products sector. Bharat Electronics and Hindalco were the top stock picks.
(Source - ACE MF)
8. Auto Ancillaries
Auto ancillary stocks that were seen as potential top-gainers by mutual funds were SRF and Tube Investments of India.
(Source - ACE MF)
9. Cement
With rising real-estate demand, cement was a top-preferred sector by mutual funds. Ultratech & Shree cement were top picks.
(Source - ACE MF)