Consumption mutual
funds, which have been outperforming the broader indices over the last 5 years,
have increased exposure to companies s beyond the fast-moving consumer goods,
or / FMCG, sector. The portfolios of UTI Lifestyle, Birla Sun Life GenNext,
Birla Sun Life Buy India and Mirae Asset India China Consumption show that
these four consumption funds have increased ex-posure to companies in
financials, automobiles & energy sectors. This indicates that the
consumption theme is no longer restricted to traditional de-ensive sectors like
FMCG and pharmaceuticals.
Experts say that the
consumption theme has become more accommodative and includes anything from con
umer discretionary to footwear industry .
Market participants
too are looking at cyclical stocks as FMCG stocks have taken a back seat in the
minds of investors. Consumption funds too have stepped up their exposure to
cyclical sectors by buying into banking & automobile stocks.
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