Abhijit Powar No Comments

Equity mutual funds received inflows of ₹ 9390 crore in October as net inflows dropped 34 percent from the previous month.

Many equity mutual fund schemes preferred to do fresh investment in Electronics Mart IPO(6.10% stake), Zee Entertainment, IndusInd Bank, Tata Chemical, Canara Bank, Delhivery, Karur Vysya Bank, Phoenix Mills, Bajaj Finance and Reliance.

Some equity schemes completely exited from NMDC, Voltas, L&T, SBI Cards, SAIL, The Indian Hotels Co and Hero MotoCorp.

Chemicals, Media & Entertainment, Aviation, Plastic Products, Diamond & Jewellery and Hospitality were preferred investment sectors of Equity MF Schemes.

Some MF schemes exited their investments from Iron & Steel, Mining, Infrastructure, Agriculture, Construction Materials and Telecom sectors.

In October, large cap indices gained more than 4% while midcap and smallcap indices increased by 2%. Most of Mid Cap Schemes and Small Cap Schemes underperformed compared to the 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 October month.

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