A record Rs 31,960 crore has come into mutual funds through SIP in July 2026, which is 0.6 percent more than June and 12.3 percent more than last year. According to the August 2026 report of Motilal Oswal Financial Services, the overall Assets Under Management (AUM) of the mutual fund industry has increased by 4.3 per cent to Rs 85.8 lakh crore and the AUM of equity mutual funds has increased by 2.7 per cent to a record level of Rs 41.8 lakh crore. Although the new investment in equity schemes is less in July i.e. Rs 26,200 crore as compared to Rs 28,900 crore in June, the SIP money coming every month is continuously giving strength to mutual funds to make new purchases.
Fund managers have shown the highest confidence in the technology sector in July. The weight of this sector had decreased to 5.9 percent in June, which increased by 70 basis points to 6.6 percent in July, although it is still 140 basis points lower than a year ago. Money has been increased in the automobile sector for the third consecutive month, due to which its weight has increased to 8.9 percent. This is 30 basis points more in a month and 80 basis points more in a year, which shows that fund managers have strengthened their position in the auto sector.
Also read: Gutkha banned in Karnataka, what will be the impact on betel nut business and farmers?
The e-commerce sector has also been on top of the choice of fund managers and its weight has increased for the third consecutive month to the highest level of 3.1 per cent. Apart from this, share in healthcare, NBFC-lending and telecom sectors has also increased month-on-month. Also, 15 funds each in NBFC-Non-Lending and Healthcare are overweight with exposure of at least 1 per cent more than the BSE 200, while 10 funds in e-commerce and 9 funds each in Capital Goods and Chemicals are overweight.
Decrease in investment in capital goods
The weightage of mutual funds in private banks was 17.4 percent in July, which shows a decline of 50 basis points on both month and year basis. The weight of capital goods has also declined to 7.6 percent from the 24-month high of 8.1 percent in June.
Fund managers also reduced their stake in oil and gas, PSU banks, utilities, retail, insurance and consumer durables sectors. According to the data of the report, compared to BSE 200, 19 funds were underweight with less investment in oil and gas sector while 15 funds in private banks, 14 funds in consumer sector, 12 funds in PSU banks and 11 funds in utilities sector were underweight.
Also read: 40 questions will be asked in the census, caste and place of getting Covid vaccine will have to be mentioned.
In which stocks money was reduced?
On the other hand, funds reduced the value of their holdings in shares of HDFC Bank, Axis Bank, L&T, Varun Beverages, Trent, Bharat Electronics, Dr Reddy's Labs, Avenue Supermarts, Bank of Baroda and NTPC. It becomes clear from all these figures that SIP money is not going in any one or two sectors but fund managers are constantly making changes in the portfolio keeping in mind the market situation. This entire data shows the situation only for the month of July, increase or decrease in weight in any one month should not be directly considered as a forever bullish or bearish opinion on any stock or sector.