New Delhi, May 16 -- The mutual fund (MF) industry's exposure to private banks rose to a 20-month high in April 2025, reaching 18.9 per cent, according to a report by Motilal Oswal.

This marked a 50 basis points (bp) increase month-on-month (MoM) and a 170bp jump year-on-year (YoY), making private banks the top sector holding for mutual funds during the month.

It said "Private Banks' weight rose to a 20-month high in Apr'25 to 18.9 per cent (+50bp MoM; +170bp YoY)".

The report highlighted that mutual funds increased their allocation across several sectors in April. Apart from private banks, the weights of Oil & Gas, Automobiles, Consumer, Telecom, Retail, Insurance, Chemicals, and Real Estate sector too rose on a MoM basis.

The report...