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.