IT, realty emerged as favorites for MFs in March

Mutual Funds (MFs) hiked their exposures in realty and information technology sector by 15% and 6% respectively, while banking and pharmaceutical sectors lost their flavor in the list of hot picks of the domestic mutual funds houses in March.

Fund houses picked up equities from realty, IT and oil & gas sector in line with the upsurge in the equity markets. The automobile sector emerged with highest returns in March, followed by pharmaceuticals and technology funds. On the other hand, FMCG funds out performed their respective BSE benchmark index, while banking and pharmaceuticals funds were the under performers.