{"id":363289,"date":"2020-07-17T11:16:23","date_gmt":"2020-07-17T05:46:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363289"},"modified":"2020-07-17T11:50:56","modified_gmt":"2020-07-17T06:20:56","slug":"energy-sectors-weight-in-mf-portfolios-at-record-level-thanks-to-rally-in-ril-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/energy-sectors-weight-in-mf-portfolios-at-record-level-thanks-to-rally-in-ril-shares\/","title":{"rendered":"Energy sector&#8217;s weight in MF portfolios at record level, thanks to rally in RIL shares"},"content":{"rendered":"<p>The oil and gas sector\u2019s weight in the domestic mutual funds reached a record high in June 2020 following the rising value of their holdings in Reliance Industries (RIL NSE 0.17 %) and Bharat Petroleum (BPCL NSE 6.19 %). This is contrary to the global trend where the sector\u2019s weight has shrunk to a multi-year low.<\/p>\n<p>The sector\u2019s weight in the domestic funds\u2019 portfolio increased by 220 basis points year-on-year to 9.4% in June 2020, according to the data compiled by Motilal Oswal Financial Services. It was 7.3% at the beginning of the year. <\/p>\n<p>The allocation to the energy sector is the third largest for the domestic funds after the private banks (17.1%) and consumer (9.6%) sector. The value of the energy sector holdings of the mutual funds grew by 25% year-on-year to Rs 98,440 crore in June 2020, the data from Accord Fintech show.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The oil and gas sector\u2019s weight in the domestic mutual funds reached a record high in June 2020 following the rising value of their holdings in Reliance Industries (RIL NSE 0.17 %) and Bharat Petroleum (BPCL NSE 6.19 %). This is contrary to the global trend where the sector\u2019s weight has shrunk to a multi-year low. The sector\u2019s weight in the domestic funds\u2019 portfolio increased by 220 basis points year-on-year to 9.4% in June 2020, according to the data compiled by Motilal Oswal Financial Services. It was 7.3% at the beginning of the year. The allocation to the energy sector [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-363289","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363289"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363289\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}