AUM of Mutual Fund Industry as on December 31, 2022 stood at ₹ 39.88 lakh crore. Inflows into equity mutual schemes more than tripled to ₹ 7,303 crore during December as against ₹ 2,258 crore in November.
Many equity mutual fund schemes preferred to do fresh investment in IPO stocks, include KFin Technologies(7.58% Stake) and Elin Electronics. Other preferred stocks for fresh investment are Jindal Steel and Power, Eicher Motors, LIC, Axis Bank, GAIL, The Federal Bank, Canara Bank, Tata Motors and TVS Motors.
Some equity schemes completely exited from Dr. Reddy’s Laboratories, Bank of Baroda, Tata Power, Amara Raja Batteries, The Ramco Cements, Info Edge, Laurus Labs, SRF and Tata Chemicals.
Bank, Iron & Steel, Insurance, Crude Oil, IT and Telecom were preferred investment sectors of Equity MF Schemes.
Some MF schemes exited their investments from Textile, Consumer Durables, Agri, Construction Materials, Trading and Diversified 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 December month.
For all these snippets and much more please read through our report.