Indian equity fund managers are seen betting on sectors that could benefit from an economic revival. These include capital goods, public sector banks, automobiles, oil and gas and utilities. Stocks in these universe have seen increase in buying interest by domestic funds.
Equity funds’ allocations to oil & gas sector increased for the second consecutive month to a 14-month high of 7.2 per cent (up 50 basis points month-on-month and 30 bps year-on-year). The allocation to the automobile sector, after hitting a six-month low in March, saw an increase in weight to 6.5 per cent in April.
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