MFs raise bets on technology, autos and e-commerce; private banks, capital goods see lower allocations
The overall mutual fund industry’s assets under management rose 4.3 percent month-on-month to a record Rs 85.8 lakh crore in July. Equity AUM, including ELSS and index funds, increased 2.7 percent to Rs 41.8 lakh crore, helped by the rise in market indices and equity scheme sales. Mutual funds increased their allocation to technology,…