HO HO HO!
It’s that time of the year when the markets look forward to a SANTA CLAUS RALLY! However with markets lagging ahead of the Christmas holidays, can it be expected this year?
Last year, we published our first report on ‘A Santa Claus Rally’. This phenomenon was witnessed across all global markets in 2021.
What is it? Will it happen again this year? Read on for details!
Mutual Fund Industry AUM has crossed ₹ 40 lakh crore for the first time to reach AUM of ₹ 40.49 lakh crore in November 2022. Inflows into the of equity schemes dropped to ₹ 2,258 crore during November against ₹ 9,390 crore in October.
Many equity mutual fund schemes preferred to do fresh investment in IPO stocks, include Archean Chemical, Global Health, Bikaji Foods and Fusion Microfinance. Other preferred stocks for fresh investment are Delhivery, NTPC, Union Bank of India, Nykaa and PB Fintech.
Some equity schemes completely exited from HDFC Life, ICICI Pru Life, SBI Life, ICICI Lombard, Divis Lab, Zomato, Dr. Reddy’s Lab, The Indian Hotels, LIC Housing Finance, ABB India, Power Finance and Tube Investment.
Capital Goods, Electricals, Power, Telecom, Aviation and Logistics were preferred investment sectors of Equity MF Schemes.
Some MF schemes exited their investments from Insurance, Hospitality, FMCG, Consumer Durables, Oil & Gas and Realty sectors.
Most of equity schemes underperformed compared to the benchmark indices in November. Major large cap equity schemes witnessed redemption pressure.
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 November month.
For all these snippets and much more please read through our report.
Mutual Fund Industry Average AUM surged to new peak crossing Rs. 40 lakh crores for the first time ever.
Equity oriented schemes saw a 75% fall in net inflow as compared to the previous month. SIP contributions, however continued to rise to new highs of Rs.13,307 Crs in November.
The Hybrid schemes witnessed a net outflow for the 6th consecutive month primarily from the Arbitrage fund category followed by Dynamic/Balance Advantage fund.
Among Debt Funds, Liquid funds saw the highest net inflows of Rs. 34K Crs which largely absorbed the outflows of Overnight funds.
For all these snippets and much more please read through our Mutual Fund Flow November-2022 report.