Here are 10 sectors on which mutual funds have gone big

The Indian equity market has been on a record-making spree with bouts of volatility weaved in. Changing dynamics and volatility have offered opportunities to fund managers to add fresh positions in some sectors. Here are the top sub-sectors in which active mutual fund managers either made fresh positions or increased exposure significantly over the past year. Only actively managed equity schemes and hybrid schemes (except arbitrage funds) have been considered. Data shown below is as of June 30, 2023. Source: ACEMF.

Financial Technology (Fintech)
Growth of MF investment over the last four months: 231%
The current market value of the MF investment: Rs 3,638 crore.
Sample of schemes that newly added the stocks in the sector: Motilal Oswal Focused, Franklin India Prima and Mirae Asset Emerging Bluechip.

Healthcare Services
Growth of MF investment over the last four months: 101%
The current market value of the MF investment: Rs 26,386 crore.
Sample of schemes that newly added the stocks in the sector: HDFC Small Cap, Motilal Oswal Long Term Equity and Nippon India Small Cap.

Electrical Equipment
Growth of MF investment over the last four months: 83%
The current market value of the MF investment: Rs 27,317 crore.
Sample of schemes that newly added the stocks in the sector: Axis Bluechip, HSBC Midcap and DSP India T.I.G.E.R Fund.

Also see: Here's where funds cut exposure in 2023: Check your portfolio

Capital Markets
Growth of MF investment over the last four months: 82%
The current market value of the MF investment: Rs 17,974 crore.
Sample of schemes that newly added the stocks in the sector: Invesco India Multicap, SBI PSU and SBI Focused Equity Fund

Industrial Manufacturing
Growth of MF investment over the last four months: 72%
The current market value of the MF investment: Rs 9,354 crore.
Sample of schemes that have added stocks in the sector: ICICI Pru Innovation, HDFC Defence and Kotak Emerging Equity Fund.

Also read: 15 smallcap gems with major MF stakeholding

Transport Services
Growth of MF investment over the last four months: 68%
The current market value of the MF investment: Rs 23,792 crore.
Sample of the schemes that added the stocks from the sector: Quant Value, Canara Rob Emerg Equities and PGIM India Small Cap Fund

Realty
Growth of MF investment over the last four months: 67%
The current market value of the MF investment: Rs 25,757 crore.
Sample of schemes that newly added the stocks from the sector: ICICI Pru Focused Equity, Kotak Business Cycle and Tata Infrastructure Fund.

Also read: Buy high, sell higher: Does momentum strategy work for Indian investors?

Industrial Products
Growth of MF investment over the last four months: 64%
The current market value of the MF investment: Rs 82,516 crore.
Sample of schemes that added the stocks from the sector: Axis Growth Opp, Edelweiss Balanced Advantage and Canara Rob Mid Cap Fund

IT - Services
Growth of MF investment over the last four months: 63%
The current market value of the MF investment: Rs 5,976 crore.
Sample of schemes that have added the stocks from the sector: ICICI Pru Midcap, Franklin India Equity Hybrid and Bandhan Multi Cap Fund.

Also read: Smallcaps today, multibaggers tomorrow: Unique stocks that make it to MF hotlists

Leisure Services
Growth of MF investment over the last four months: 62%
The current market value of the MF investment: Rs 9,449 crore.
Sample of schemes that added the stocks from the sector: Tata Multicap, ICICI Pru Regular Savings and Franklin India Flexi Cap Fund.

Also see: 13 midcap stocks that are most shunned by active mutual fund managers