Oct 15, 2025

Where is mutual fund money flowing in September? Here's the sector-wise breakdown

Surbhi Khanna, ET Online

Favourite sectors

In September, mutual funds showed interest in NBFCs, PSU Banks, metals, automobiles, capital goods, oil & gas, utilities, and real estate, leading to a month-on-month (MoM) rise in their weights, according to a report by Motilal Oswal Financial Services.

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Moderation in weight

Technology, private banks, healthcare, consumer, retail, telecom, chemicals, consumer durables, and media saw a MoM moderation in weights.

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Banks-private lead

Private banks had the highest weightage of around 17.3%. It was the top sectoral holding for mutual funds in September 2025.

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Other top-picked sectors

The other sectors that gained mutual fund interest were automobiles (8.7%), technology (7.5%), and healthcare (7.4%).

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Maximum increase in value

Metals, PSU banks, NBFCs, utilities, and automobiles were the sectors that witnessed the maximum increase in value MoM.

Image Source: ETMarkets.com

Decrease in value

The media, retail, technology, chemicals, consumer durables, cement, and consumer sectors witnessed a decline in MoM value in the mentioned time period.

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Sectors with ownership of less than 1%

The top sectors where mutual fund ownership vis-à-vis the BSE 200 was at least 1% lower were consumer (18 funds under-owned), oil & gas (17 funds under-owned), private banks (16 funds under-owned), utilities (13 funds under-owned), and technology (11 funds under-owned).

Image Source: ETMarkets.com

Sectors with ownership of over 1%

The top sectors where mutual fund ownership vis-à-vis the BSE 200 is at least 1% higher were healthcare (16 funds over-owned), chemicals (10 funds over-owned), consumer durables (10 funds over-owned), NBFCs (9 funds over-owned), and capital goods (8 funds over-owned).

Image Source: ETMarkets.com

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