Equity MFs Performance and Activities – March, 2022

April 14, 2022

Equity mutual funds received highest ever inflows of ₹ 28,463 crore in March. This is the 13th straight month of investments despite selling pressure from FIIs.

Many Equity mutual fund schemes preferred to invest in Kotak Mahindra Bank, Maruti Suzuki, HDFC Bank, ICICI Bank, HDFC, ONGC, L&T, HUL and UltraTech Cement. Mutual fund schemes trimmed the exposure in ITC, Hindalco, Bharti Airtel and Sun Pharmaceuticals.

Paytm, Nykaa, Star Health Insurance and Intellect Design were new entrants for several equity schemes in their portfolio.

Equity mutual fund schemes preferred to invest in Hospitality, Agriculture, Media & Entertainment and Ratings sectors.

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

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

Mutual Fund Flows – March 2022

April 11, 2022

The data released by AMFI shows that Mutual Fund industry‘s Avg. AUM decreased by 2.23% to INR 37.70 Lakh Crs in March 2022 with net outflow of INR 69.88K Crs, due to outflows in debt funds.

The Equity mutual funds saw 13th consecutive inflow for the month, the inflow in the month of March is INR 28.4K Crs. ; these were largely driven by NFOs and SIP flows.

Despite geopolitical uncertainty, spike in oil prices and consistent FPI outflows; investors kept their faith in Indian equities. Each of the specific categories of equity funds saw positive flows in the month of Mar-22 as investors looked to hunt for value amidst the fall.

Arbitrage funds was the only category amongst Hybrid schemes which witnessed outflow of INR 6.8K Crs due to expected increase in volatility in stock market.

The Debt mutual funds’ Average AUM in March decreased by 5.54% with the outflow of INR 1.14 Lakh Crs across all categories; this was driven by corporates withdrawing money for advance tax payments at the close of the financial year. Also, the likelihood of a further rise in bond yields led to outflows from some debt fund categories that invest in longer-term papers.

The SIP contribution rose to the highest ever INR12,328 Crs., up almost 8% from the previous month.

For all these snippets and much more please read through our Mutual Fund Flow Mar-2022 report.

Mutual Fund Average AUM – March 2022

April 7, 2022

The average assets under management (AAUM) for the domestic mutual fund (MF) industry grew 19.5% from ₹32.1 Lakh Crs. in March 2021 quarter to ₹38.4 Lakh Crs. during the March 2022 quarter.

SBI AMC continues to enjoy the top slot for the 9th consecutive quarter with AAUM of ₹6.47 Lakh Crs. Meanwhile the top 10 AMCs continued to be the same for the 3rd consecutive quarter.

Notable mentions for NJ and Quant AMCs, showed the maximum increase AAUM (QoQ) on smaller bases. The AAUM of Quant mutual fund increased immensely on higher percentage as compared to last year quarter AAUM.

HDFC and IDFC mutual funds had maximum negative flows for the quarter. IDFC mutual fund’s AAUM dropped maximum from ₹1.25 Lakh Crs in March 2021 quarter to ₹1.21 Lakh Crs in March 2022 quarter.

Baroda & BNP Paribas Mutual Fund got merged, with the merged entity occupying the 21st slot, moving ahead of LIC & PGIM Mutual Funds. Samco Mutual Fund is the latest entrant in the AMC business, garnering assets worth ₹366.63 cr.

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