Abhijit Powar No Comments

In 2024, investment momentum is strongly geared towards Sectoral/Thematic Funds, Large & Mid Cap Funds, Multi Cap Funds and Flexi Cap Funds, making them top choices for investors seeking strategic portfolio diversification.

Several equity mutual fund schemes showed a pronounced preference for new investments in IPOs and FPOs such as Bharti Hexacom, JNK India and Vodafone Idea. They also favored fresh investments in established companies including Kotak Mahindra Bank, Axis Bank, Indus Towers, Angel One, Vedanta, Eicher Motors and National Aluminium Company.

Several equity schemes strategically divested their investments in companies such as Infosys, LTIMindtree, Mphasis, HPCL, BPCL, Biocon, Tata Chemicals, and Tata Steel.

Overall, equity mutual fund schemes were actively purchasing shares in prominent companies including Kotak Mahindra Bank, Axis Bank, Bharti Hexacom, Reliance Industries, HDFC Bank, Sun Pharma, ONGC, Vodafone Idea, Voltas, TCS and HDFC Life Insurance.

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