Abhijit Powar No Comments

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.