MFs taking a cautious stance towards mkts: Analysts

Excerpts from Business Lunch on CNBC-TV18 Watch the full show » Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Mutual funds have been taking a cautious stance towards the market, reports CNBC-TV18. If one looks at the mutual fund numbers, July versus June, AUMs have increased by 0.6% to Rs 1,05,060 crore in July 2006.

Mutual Funds have purchased equity worth Rs 7,552 crore. There was a net sell of Rs 81 crore in equity. Analysts says that mutual funds are sitting on Rs 12,000 crore of cash and Rs 1,045 crore is raised through NFOs.

Existing mutual fund schemes hold Rs 10,957 crore, they say.

Increased Exposure
Sector	Jul(%)	Jun-06(%)
Cement	3.85	2.86
Banks	7.41	6.8
Electronics	4.29	3.72
Miscellaneous	5.73	5.37
Pharma	4.81	4.54
Entertainment	2.7	2.47

 

 

 

 

 

Decreased Exposure
Sector	Jul(%)	Jun-06(%)
Auto & Auto  Ancillaries	8.97	9.64
Metals	1.64	2.23
Diversified	14.18	14.75
Steel	2.25	2.7
Sugar	0.7	1.09
Chemicals	1.62	1.79