Month: January 2022

The last quarter of the year has arrived and also the time for tax planning before it is too late. ELSS investment can be considered, as it not only saves some taxes but also helps to ride through inflation (subject to equity market risk).

What is an ELSS and what are its features and benefits? Read through if you need more insights into this important investment avenue.

Equity mutual funds ended year 2021 on a strong note with record net inflows of ₹25,077 Cr in December month, taking the net inflows for the year to ₹ 96,670 Cr. All equity fund categories saw inflows in December.

Many Equity mutual fund schemes invested in the IPO stocks, include Medplus Health Services(11% stake) and CMS Info Systems(8% stake).

Overall considering all equity mutual fund schemes, there was selloff in Bharti Airtel, SBI, Kotak Bank, Persistent Systems and Tech Mahindra. There was buying in Reliance, ICICI Bank, HDFC Bank, Infosys, TCS, Wipro, L&T, Maruti, HCL Technologies, Axis Bank and Bajaj Finance.

It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure, top traded stocks and fresh stock picks by Equity MF schemes during December month.

For all these snippets and much more please read through our report.

As per AMFI data released, Equity Funds witnessed record inflows whereas income/Debt Funds faced heavy redemptions in December.

All the Equity oriented schemes saw a steady inflow, with Multi Cap funds topping with Rs.10,516 Crs.

Overnight Funds and Dynamic Bond Funds were the only categories to get positive inflows in Income/Debt fund categories.

The contribution through monthly systematic investment plans (SIPs) rose to a record high of Rs.11,305 Crs. in December against ₹11,005 Crs. in November.

SBI AMC retained the top spot in Average AUM as well as absolute increase in AUM over the quarter, followed by ICICI and Kotak. HDFC, surprisingly was at 9th spot.

For all these snippets and much more please read through our report.