In the dynamic landscape of equity mutual funds, October 2023 has marked a significant milestone. The month witnessed an impressive surge in inflows, reaching a remarkable ₹19,957 Crore, surpassing September’s ₹14,091 Crore. This influx not only represents the third highest monthly figure for the year but also denotes the fourth consecutive month where all equity fund categories enjoyed positive net inflows.
The spotlight has been on Small Cap, Mid Cap and Sectoral/Thematic Funds, which have become the investment products of choice in 2023. The Small Cap Fund category, in particular, has stood out, attracting a substantial ₹33,479 Crore in net inflows since the beginning of the year.
In terms of AMC-wise distribution of equity inflows, ICICI Prudential AMC, Nippon Life India AMC, HDFC AMC, Quant AMC and Kotak Mahindra AMC collectively accounted for over 65% of the total equity inflows in the month of October.
The active fund category saw Parag Parikh Flexi Cap, Quant Small Cap and ICICI Pru Innovation Funds emerging as significant beneficiaries. Meanwhile, in the passive fund arena, Nippon India ETF Nifty 50 BeES, ICICI Pru Nifty 50 ETF and others have been at the forefront of attracting inflows.
Further diversifying their portfolios, equity mutual fund schemes have embarked on fresh investments in over 500 small cap stocks. Firms like BSE Ltd, One97 Communications and Tata Motors have been popular picks, while others such as Ideaforge Technology and Bank of Baroda saw complete exits by some schemes.
It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure, top traded stocks, investment trends and fresh stock picks by AMCs during September month.
For all these snippets and much more please read through our report.