Indian mutual funds (MFs) saw a strategic shift in investment focus in March 2024, favoring sectors like capital goods, consumer durables, and private banks while reducing exposure to technology and public sector banks. Private banks remained top holdings, but diversification trends emerged. Notable stock movements included HDFC Life, ITC, and TCS, with funds like Axis ELSS Tax Saver and SBI Focused Equity Fund showing significant NAV increases. Despite a monthly decline, the MF industry’s total assets surged year-on-year, with SIP contributions hitting a record high in March.
Indian Mutual Funds Pivot Investment Focus: Highlights and Trends
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/17103251/1685103974-5133-ezgif.com-avif-to-jpg-converter.jpg)