InvestorQ : What are the sectors that mutual fund managers preferred in the month of July 2021?
sara Kunju made post

What are the sectors that mutual fund managers preferred in the month of July 2021?

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Mary Joseph answered.
4 months ago
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There is not too much of a surprise in that the month of July saw fund managers plumping for the top performing metal shares. However, they were also cutting stakes aggressively in the oil and gas stocks. In the month of July 2021, mutual funds increased their weightage in metals to 3.4%, which is the highest level in the last nearly 3 years.

If you compare with June 2021, then mutual funds essentially enhanced exposure to metals, cement, chemicals, telecom, and retail. At the same time, they also cut stakes in oil, private banks, automobiles and technology. Even as the weightage of metals has touched a 3-year high, the weightage of oil at 6.4% is at a 4-year low as of the end of July 2021.

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