Navigating the Equity Mutual Fund Universe – January, 2024

February 15, 2024

Emerging Investment Patterns in Equity Mutual Fund Scheme Categories

  • Record AUM Achievement: Equity Mutual Fund Schemes’ Net AUM reached an all-time high of ₹22.50 Lakh Crore, propelled by substantial market growth.
  • Surging Open-Ended Equity Fund Inflows: Inflows surged by 28% to ₹21,781 Crore in January, marking a continuous positive trend for 35 months.
  • Popular Investment Choices: Small Cap, Sectoral/Thematic, and Mid Cap Funds remained the preferred choices at 2024’s outset.
  • Impressive Fund Attraction: From April to January 2024, Small Cap Funds drew ₹37,361 Crore with 52% average returns; Sector/Thematic and Mid Cap Funds amassed ₹26,958 Crore and ₹19,401 Crore, with 40% and 47% returns, respectively.

Breaking Down Equity Inflows of January

  • Leaders in Active Fund Categories: Parag Parikh Flexi Cap Fund, Quant Small Cap Fund, and Nippon India Large Cap Fund stood out as the leading equity inflow schemes in 2024.

Uncovering Trends in Equity Scheme Portfolios for January

  • Preferred Stocks for New Investments: Equity mutual fund schemes showed a preference for investing in ONGC, BHEL, Biocon, Voltas, Sobha, Gujarat Gas, Lupin, IndusInd Bank, Cipla, and Bank of India. Initial Public Offerings (IPOs) like Medi Assist Healthcare Services and Jyoti CNC Automation were also popular investment choices.
  • Exits from Certain Stocks: Some equity schemes completely exited investments in Polycab India, Zee Entertainment Enterprises, The Federal Bank, Navin Fluorine International, Bandhan Bank, Bajel Projects, Mahindra & Mahindra Financial Services, and LTIMindtree.

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

Mutual Fund Flows – January 2024

February 9, 2024

India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹52.89 Lakh Cr in January 2024, driven by consistent inflows Equity funds and a remarkable inflows in Debt funds.

Equity mutual funds experienced their 35th consecutive month of inflows, registering a 28% increase.

Hybrid schemes continued to attract investors with a net inflow of ₹20.64k Cr, and Arbitrage funds remained a popular choice.

Net inflows in of passive funds increased by 6 times to ₹3.98k Crs from ₹573 Crs.

The average AUM of Debt funds increased by 2.67%, with a net inflow of ₹ 76.47k crores.

Corporate bond funds saw an impressive inflow of ₹1.3k crs, significantly higher than the ₹188 crs inflow recorded in December.

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