Business Standard

Equity funds bet on sectors likely to gain from an economic revival

These include capital goods, public sector banks, automobiles, oil and gas and utilities

indian economy
Premium

Indian equity fund managers are seen betting on sectors that could benefit from an economic revival.

Chirag Madia Mumbai
Indian equity fund managers are seen betting on sectors that could benefit from an economic revival. These include capital goods, public sector banks, automobiles, oil and gas and utilities. Stocks in these universe have seen increase in buying interest by domestic funds.

Equity funds’ allocations to oil & gas sector increased for the second consecutive month to a 14-month high of 7.2 per cent (up 50 basis points month-on-month and 30 bps year-on-year). The allocation to the automobile sector, after hitting a six-month low in March, saw an increase in weight to 6.5 per cent in April.

On the other

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 18 2022 | 4:26 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com