The financial services sector saw an addition in weightage for the second month in a row, growing 38 basis points in April, the highest addition by any sector, according to a report by PhillipCapital.
Metals and mining companies also saw an increase in weightage by 27 bps, while those in the telecom space and the utilities sector saw an upgradation by 26 bps and 20 bps respectively.
They reduced exposure in the information and technology sector by as much as 77 bps, falling for the second month in a row, while the healthcare space saw its weightage lowered by 30 bps.
Oil & gas sector saw a reduction by 17 bps, and weightage in the consumer staples sector was lowered by 14 bps.
Overall cash balances of equity-oriented schemes fell 17 bps to 4.2% of the total assets under management at Rs 89,400 crore.
The financial services sector saw an addition in weightage for the second month in a row, growing 38 basis points in April, the highest addition by any sector, according to a report by PhillipCapital.
Metals and mining companies also saw an increase in weightage by 27 bps, while those in the telecom space and the utilities sector saw an upgradation by 26 bps and 20 bps respectively.
They reduced exposure in the information and technology sector by as much as 77 bps, falling for the second month in a row, while the healthcare space saw its weightage lowered by 30 bps.
Oil & gas sector saw a reduction by 17 bps, and weightage in the consumer staples sector was lowered by 14 bps.
Overall cash balances of equity-oriented schemes fell 17 bps to 4.2% of the total assets under management at Rs 89,400 crore.
