Mutual Fund Flows – March 2024

April 16, 2024

Mutual Fund industry’s Avg. AUM increased by 0.88% to ₹55 Lakh Crs in March, despite a net outflow of ₹1.59 Lakh Crs.

Equity Oriented Schemes’ AUM rose by 1.2% to ₹23.20 Lakh Crs, continuing a 37-month streak of net inflows, despite a 16% drop in monthly inflows.

Hybrid scheme inflows declined by 69%, with Arbitrage funds being the exception.

Passive funds saw a 31% month-on-month increase in net inflows, with ETFs leading the way.

Debt Funds’ AUM decreased by 1.30% to ₹14.36 Lakh Crs, facing a net outflow of ₹1.98 Lakh Crs.

SIP inflows continue to hit an all time high, ₹19,271 Crs in March.

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

Activities of Equity Mutual Fund Schemes – March, 2024

April 16, 2024

The landscape of Equity Mutual Funds underwent a dramatic transformation, with Net Assets Under Management (AUM) soaring to a historic ₹23.48 lakh crores in March.

Many equity mutual fund schemes demonstrated a strong inclination for new investments in prominent companies, including Maruti Suzuki, TCS, ITC, HDFC Life Insurance, Tata Chemicals, Samvardhana Motherson International, Jindal Steel & Power and Godrej Consumer.

Several equity schemes strategically exited investments in Jio Financial Services, LTIMindtree, IIFL Finance, HPCL, IREDA, NHPC, Tata Technologies, BPCL and Tata Steel.

Overall, equity mutual fund schemes were actively buying shares in leading companies such as ITC, HDFC Bank, TCS, Kotak Mahindra Bank, Shriram Finance, Maruti Suzuki, Axis Bank, Samvardhana Motherson International and REC.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards Aster DM Healthcare, NLC India, Aavas Financiers, Aditya Birla Sun Life AMC, GR Infraprojects, CIE Automotive, Hitachi Energy, Crompton Greaves, Apar Industries and Metropolis Healthcare.

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

Trends in Mutual Fund Average AUM: Jan-Mar, 2024

April 9, 2024

In an impressive display of resilience and investor confidence, the Mutual Fund industry experienced a remarkable surge, with the Average Assets Under Management (AAUM) increasing by 34% year-on-year to reach ₹54.13 Lakh Crores in the January-March, 2024 quarter.

SBI Mutual Fund solidifies its leadership, holding the top position for a remarkable 17th consecutive quarter.

The mutual fund landscape shows exceptional stability with the top eight and top three firms retaining their ranks for 11 straight quarters. Additionally, the ranking of the top 10 Asset Management Companies (AMCs) remains unchanged, reflecting a period of steady dominance in the industry.

The top 10 Asset Management Companies (AMCs) played a pivotal role in the Mutual Fund industry’s growth, contributing a significant 72% to the increase in Average AUM for the last quarter.

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