Equity mutual funds received inflows of ₹ 6,120 crore in August. This is the lowest inflow of equity funds in the last 10 months.
Many Equity mutual fund schemes preferred to do fresh investment in Sona BLW Precision Forgings (6.2% stake), AU Small Finance Bank(1.5% stake), Rolex Rings (6.6% stake), HDFC AMC, Kotak Mahindra Bank, Tata Power, Ambuja Cements(1.5% stake) and Zomato.
Some equity schemes completely exited from HCL Technologies, NMDC, HDFC Life, Piramal Enterprises, Voltas, UPL, Muthoot Finance, Bharti Airtel, TCS and GAIL.
Banking, Power, Media & Entertainment, Chemicals, Automobile and Retailing were preferred investment sectors of Equity MF Schemes.
Some MF schemes exited their investments from Telecom, Insurance, .Oil & Gas, Mining, Iron & Steel and Agri.
Most of Equity mutual fund schemes underperformed compared with benchmark indices.
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 August month.
For all these snippets and much more please read through our report.