In the dynamic world of Equity Mutual Fund Schemes, November was a month of both triumph and transition. The Net Assets Under Management (AUM) soared to an extraordinary ₹20.33 Lakh Crore, a testament to the resounding success of Indian equity markets. However, it was also a month that saw a 22% dip in inflows, as they descended from ₹19,957 Crore in October to ₹15,536 Crore.
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 ₹37,178 Crore in net inflows since the beginning of the year.
The inflow surge in November was propelled by the debut of six new equity funds, accumulating an impressive ₹1,907 Crore in investments. Within this exciting lineup, the Aditya Birla SL Transportation & Logistics Fund, Helios Flexi Cap Fund, Quant Momentum Fund and Kotak Consumption Fund shone as standout performers, collectively drawing in over ₹1,800 Crore in investments.
For diversifying their portfolios, equity mutual fund schemes have embarked on fresh investments in over 180 small cap stocks.
Several equity mutual fund schemes opted for fresh investments in a diverse range of companies, including Tata Technologies, Indian Renewable Energy Development Agency, Flair Writing, Apar Industries, CG Power, Zomato, Bajaj Finance, Bajaj Auto, Lupin, PFC, Hero MotoCorp and Alkem Laboratories.
In the recent period, certain equity schemes made complete exits from their investments in Suzlon Energy, Bharat Forge, MTAR Technologies, Jio Financial Services, Carborundum Universal, SBI, Maruti Suzuki, Indraprastha Gas, DLF and Ashok Leyland.
For a comprehensive understanding and more insights, please go through our detailed report.