Which Were the Most Preferred 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)

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