Equity MFs Performance and Activities – June 2023

July 13, 2023

Inflows into Indian equity mutual funds rose to ₹8,638 crore in June,  higher than May’s ₹3,240 crore.

Many equity mutual fund schemes preferred to do fresh investment in Shriram Finance, Timken India, TD Power Systems, HDFC AMC, Sansera Engineering, Ideaforge Technology, Coal India, REC, PFC, Bajaj Auto, M&M Financial Services, Torrent Pharma and Kotak Mahindra Bank.

Some equity schemes completely exited from Eicher Motors, Gujarat Gas, IEX, Hindustan Aeronautics, Power Grid, HDFC Life, UPL , Adani Ports, L&T and SBI.

Small Cap Schemes got highest inflows of ₹5,472 Cr, out of which Nippon Small Cap Fund received inflows more than ₹1,200 Cr. HDFC Small Cap Fund, Quant Small Cap Fund and Tata Small Cap Fund received good amount of inflows.

Due to redemption pressure in Axis Bluechip Fund, Mirae Asset Large Cap Fund and Aditya Birla SL Frontline Equity Fund, large cap mutual fund schemes witnessed outflows of ₹2,050 Cr.

Electricals, Insurance, Mining, IT, Textile and Aviation were preferred investment sectors of Equity MF Schemes.

Some MF schemes exited their investments from Power, Telecom, Chemicals, Gas Transmission, Iron & Steel and Logistics 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 June month.

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

Mutual Fund Flows – June 2023

July 12, 2023

The Mutual Fund industry‘s Avg. AUM increased by 4.4% to ₹44.82 Lakh Crs in June.

Flows into equity mutual funds doubled compared to the previous month driven by record net investment in Small Cap funds.

Arbitrage funds continue to witness maximum net inflow among Hybrid categories.

Debt category witnessed net outflow in June after two consecutive months of inflows. Liquid funds witnessed maximum outflows; driven by corporates withdrawing money for quarter end advance tax payments.

The total Average Qtrly AUM of the Mutual fund industry increased by 6.34% to ₹43.08 Lakh Crs. compared to ₹40.51 Lakh Crs in the previous quarter. SBI Mutual Fund continued to enjoy the top slot for the 14th consecutive quarter.

For all these snippets and much more please read through our Mutual Fund Flow June-2023 report.