Holding of mutual funds in private lenders at a fresh high in April

The holding of mutual funds (MFs) in private banks saw its weightage increase to a new high of 19.3 per cent in April — the seventh straight month of increase. The Bank Nifty index on Monday had hit a new all-time high. 

The other top sectoral holdings for April were technology (9.1 per cent), NBFCs (8.7 per cent) and Oil & Gas (7.9 per cent), according to a report by Motilal Oswal.

Holdings in PSU banks, utilities, NBFCs, oil & gas, autos, chemicals, and infrastructure moderated during the month. Auto’s weightage reached a new low of 6.3 per cent, with its MF