Let us tabulate the ranks of various sectors according to fund allocation
SI.No
Sectors
Rank according to allocation
Alpha
Beta
Gama
1
Automobiles
13
8
14
2
Chemicals
11
10
7
3
Communication
6
9
8
4
Construction
12
14
6
5
Diversified
5
7
5
6
Energy
3
2
1
7
Engineering
4
3
3
8
Financial
1
1
2
9
FMCG
2
11
12
10
Health Care
7
14
11
11
Metals
14
3
4
12
Services
9
6
8
13
Technology
8
5
10
14
Textiles
10
14
14
Statement I : Automobile is ranked by both Alpha and Beta as same. This statement is incorrect. Statement II : Financial is most favored by all three Mutual Funds. This statement is incorrect as Energy sector is most favored by fund Gama. Statement III : Services is ranked by all three Mutual Funds within top 9 ranks. We can see that this statement is correct. Hence, option D is the correct answer.