Inflows into Indian equity mutual funds halved sequentially to ₹3,240 crore in May, the lowest since November 2022.
Many equity mutual fund schemes preferred to do fresh investment in Mankind Pharma, Vedant Fashions, Coforge, CIE Automotive India, Dixon Technologies, HDFC Life, M&M Financial Services, Shriram Finance and IndusInd Bank.
Some equity schemes completely exited from Kotak Mahindra Bank, Gland Pharma, Tata Chemicals, Cipla, Axis Bank. Page Industries, Aditya Birla Fashion & Retail, Siemens, M&M , Maruti, Mphasis and Dr. Reddy.
Due to redemption pressure in Axis Bluechip Fund, Mirae Asset Large Cap Fund and SBI Bluechip Fund, large cap mutual fund schemes witnessed outflows of ₹1362 Cr.
Nippon Small Cap Fund (Small Cap Category) and Kotak Emerging Equity Fund ( Mid Cap Category) received major inflows in May.
Textile, Realty, Retailing, Consumer Durables, Diamond & Jewellery and Infrastructure were preferred investment sectors of Equity MF Schemes.
Some MF schemes exited their investments from Hospitality, Aviation, Chemicals, Logistics, Mining and Capital Goods 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 May month.
For all these snippets and much more please read through our report.