MFs bet on financials for growth

Even as investments in mutual funds increase with increasing participation by retail investors in India, mutual funds are allocating a sizeable chunk of funds in financials.

Financials clearly dominate when it comes to attracting the funds. In total 718 schemes have invested in the sector. A total of Rs 1,14,851 crore has been invested in the sector via these 718 mutual fund schemes.  HDFC Equity Fund -G is the fund with Rs 5,703 crore allocated to the sector.

HDFC Equity Fund - G, HDFC Top 200 Fund -G , ICICI Prudential Focused Bluechip Equity -G, Birla Sunlife Frontline Equity Fund- G and Reliance Equity Opportunities Fund - G are some of the leading funds that have taken sizeable exposure to the sector.

HDFC Fund house at (13.49 per cent) , ICICI Prudential at (13.02 per cent) , Reliance mutual fund at (12.69 per cent) and Birla Sun life mutual fund at( 9.67 per cent) are some of the largest fund houses having exposure to the sector. 

Financials sector seems to be the sector with growth visibility and hence MFs have allocated maximum funds to the sector.