Auto industry's weightage in mutual fund schemes hits 3.5-year high in June
- The month of June saw notable changes in sector and stock allocation of funds. Sequentially, weights of automobiles, oil & gas, consumer, healthcare, telecom, and PSU banks rose, while those of private banks, metals, NBFCs, cement, retail, utilities, textiles, insurance, and chemicals moderated
NEW DELHI: Weightage of companies in the automotive space in various mutual fund schemes rose for the third consecutive month in June to a 42-month high of 7.6%, according to a report by Motilal Oswal Financial Services Ltd.
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