Month: January 2024

Emerging Investment Patterns in Equity Mutual Fund Scheme Categories

• Unprecedented Growth: Net AUM of Equity Mutual Funds hit ₹21.79 Lakh Crore.
• Consistent Inflows: 34th straight month of net inflows, up 9.40% to ₹16,997 Crore in December.
• Top Choices: Small Cap, Sectoral/Thematic and Mid Cap Funds dominated 2023, attracting 66% of total inflows; Large-cap and Focused Funds saw negative flows.
• Sectoral Shifts: Sectoral/Thematic Funds led December inflows, followed by Small Cap and Large & Mid Cap Funds.

Breaking Down Equity Inflows of December

• Leading New Funds: Axis India Manufacturing Fund alone attracted over ₹3,400 Crore; Motilal Oswal Small Cap Fund, WOC Large & Mid Cap Fund, and DSP Banking & Financial Services Fund collectively brought in more than ₹2,300 Crore.
• Active Fund Winners: Parag Parikh Flexi Cap Fund, Quant Small Cap Fund, and Nippon India Large Cap Fund were the top recipients in active fund categories.

Exploring Equity Scheme Portfolio Trends in December 2023

• New Investments: Preference for investing in Indian Bank, Bank of India, Kaynes Technology India, Mankind Pharma, CAMS, Dr. Reddy’s Laboratories and select IPOs like Indian Shelter Finance Corporation, Inox India, DOMS Industries, Happy Forging.
• Broad Buying Trends: Purchases in Indian Bank, Bank of India, Mankind Pharma, HDFC Bank, ICICI Bank, Reliance Industries, Kotak Mahindra Bank, Axis Bank, SBI Life Insurance Company.
• Mid Cap Stocks Activity: Active trading in mid-cap stocks, with sales in Coforge, HPCL, PI Industries and investments in Apollo Tyres, Mphasis, Voltas.

For a comprehensive understanding and more insights, please go through our detailed report.

India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹51.09 Lakh Cr in December 2023, driven by consistent inflows and a rally in the equity market.

Equity mutual funds experienced their 34th consecutive month of inflows, registering a 9.4% increase. However, Large Cap funds saw an outflow of ₹281 Cr.

Hybrid schemes continued to attract investors with a net inflow of ₹15k Cr, and Arbitrage funds remained a popular choice.

The Avg. AUM of passive funds increased by 6.4%.

The average AUM of Debt funds decreased by 1.28%, with a net outflow of Rs. 75.56k crores. This decline was primarily due to outflows from Liquid, Low Duration, and Money Market funds, largely attributed to quarterly advance tax payments. This indicates a cyclical movement in debt funds influenced by tax-related liquidity needs.

For a comprehensive understanding and more insights, please go through our detailed Mutual Fund Flow report.