Activities of Equity Mutual Fund Schemes – February, 2024

March 15, 2024

The landscape of Indian equity mutual fund schemes transformed dramatically, with Net AUM reaching a historic ₹23.12 Lakh Crs, driven by a wave of investments in Equity NFOs and the consistent allure of SIP contribution.

Uncovering Trends in Equity Scheme Portfolios for February, 2024

  • Focus on Oil & Energy: Many equity mutual fund schemes showed a strong preference for new investments in leading companies like BPCL, HPCL, Swan Energy, Oil India, ONGC, Power Grid Corporation, Coal India, Whirlpool of India and LIC. The IPOs of Apeejay Surrendra Park Hotels and Juniper Hotels also emerged as popular investment choices among these funds.
  • Exits from Certain Stocks: Several equity schemes made strategic investment exits from Hindalco Industries, Crompton Greaves Consumer Electric, ITC, Ashok Leyland, One97 Communications, Bajaj Finance, HDFC Bank, IREDA, LTIMindtree, Axis Bank, Mphasis, M&M, IndusInd Bank and Kotak Mahindra Bank.

Breaking Down Equity Inflows of February, 2024

  • Strong NFOs Collection: SBI MF’s Energy Opportunities Fund collected ₹6,700 Crs from 5 lakh applications, standing out among new launches. Bajaj Finserv Large & Mid Cap Fund and Motilal Oswal Large Cap Fund also saw significant inflows.
  • Contra Funds Rising: SBI Contra Fund attracts significant inflows for the second consecutive month in February, underlining its rising popularity among investors.

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

Mutual Fund Flows – February 2024

March 15, 2024

India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹54.53 Lakh Crs in February 2024, driven by consistent inflows Equity funds and a remarkable inflows in Debt funds.

Equity mutual funds experienced consecutive inflows for 3 years, registering a 23% increase in February.

Hybrid schemes continued to attract investors with a moderation in net inflow at ₹18,105 Crs and Arbitrage funds remained a popular choice.

Net inflows in of passive funds doubled to ₹9,756 Crs from ₹3,983 Crs.

The average AUM of Debt funds increased by 1.75%, with a net inflow of ₹63,809 Crs.

Corporate bond funds saw an impressive inflow of ₹3,029 Crs from ₹1,301 Crs in the previous month.

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