In April, mutual funds demonstrated a clear preference for sectors such as Capital Goods, NBFC - Lending, and Utilities, leading to an increase in their weights according to a report by Motilal Oswal Financial Services. The Private Banks sector maintained the highest weightage at 17.3%, although it experienced a marginal decline of 0.3% month-on-month. Conversely, sectors including Technology, Private Banks, and Healthcare saw reductions in mutual fund investments. Notably, all sectors recorded a monthly increase in value, with NBFC - Non Lending, Logistics, and Utilities leading the charge. Additionally, sectors like Oil & Gas and Consumer were notably under-owned, with mutual fund ownership at least 1% lower compared to the BSE 200 index. This trend highlights the shifting focus of mutual funds towards sectors with growth potential while pulling back from traditionally strong sectors.