Activities of Equity Mutual Fund Schemes – June, 2024

July 12, 2024

In the first half of 2024, Equity Mutual Funds attracted massive inflows totaling ₹1,65,502 Crs, with a significant 42% of these investments channeled into Sector/Thematic Funds alone. This trend persisted in June, with an impressive ₹22352 Crs or 55% of June inflows being allocated to Sector/Thematic Funds.

Many equity mutual fund schemes have demonstrated a significant inclination towards fresh investments in well-established companies such as Indus Towers, Craftsman Automation, Mphasis,  ZF Commercial Vehicle Control Systems, Transformers & Rectifiers, Kotak Mahindra Bank, The Ramco Cements, HDFC Bank, Interglobe Aviation, Mahindra & Mahindra, Samvardhana Motherson International and Hindustan Unilever.

Several equity schemes have strategically exited their holdings in companies such as ONGC, REC, NHPC, NTPC, BHEL, Max Financial Services, Container Corporation of India, Adani Power, Canara Bank, Punjab National Bank, Bank of Baroda, IndusInd Bank and Coforge.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Craftsman Automation, Kalpataru Projects, The Ramco Cements, Sansera Engineering, Aster DM Healthcare and Sun TV Network. Concurrently, there was notable disinvestment from Whirlpool of India, Cholamandalam Financial Holdings and Crompton Greaves Consumer Electricals.

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

Mutual Fund Flows – June 2024

July 10, 2024

The Mutual Fund industry’s average AUM surged by 4.66% to ₹61.33 lakh crore in June.

The average AUM of Equity Oriented Schemes increased by 7% to ₹26.83 lakh crore.

Net Inflows into open-ended equity funds remained positive for the 40th consecutive month in June, reaching a record high of ₹40.61K crore.

Sectoral/Thematic fund inflows hit another record of ₹22.35K crore, driven by interest in NFOs, with nine new funds including SBI Automotive Opportunities Fund and Mahindra Manulife Manufacturing Fund collecting ₹12.97K crore.

Hybrid schemes experienced a decline of 51% in net inflows to ₹8.86K crore.

The average AUM of Debt Funds rose by 1.08% to ₹15.18 lakh crore in June, despite a net outflow of ₹1.08 lakh crore.

Investment through SIPs reached an all-time high for the 12th consecutive month!

For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for June 2024.

Tracking the Changes of Recent Equity MF Stocks Categorization

July 5, 2024

In the latest AMFI stock categorization, seven notable stocks have been elevated from the Mid Cap to the Large Cap category. This prestigious upgrade includes industry leaders such as Hero Motocorp, Zydus Lifesciences, JSW Energy, NHPC, BHEL, Samvardhana Motherson International and Bosch.

In the recent upgrade from Small Cap to Mid Cap category, a total of 19 stocks have been promoted to the Mid Cap category. Among these, two recent IPO stocks, Bharti Hexacom and Go Digit Insurance, have made their debut in the Mid Cap segment.

Tata Chemicals, Vedant Fashions, The Ramco Cements, and Piramal Enterprises have been
downgraded to the Small Cap category.

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

Tracking Flows of Market Participants in June, 2024

July 3, 2024

Indian Markets Reach All-Time High with Robust FII and DII Investments – Indian markets reached an all-time high, marking a significant turning point driven by FIIs buying into the equity market. FIIs have now become net buyers for the calendar year, purchasing equities worth ₹26,565 Cr in June. Domestic Institutional Investors (DIIs) also supported the market with investments totaling ₹28,633 Cr in June. 

FII Investment Preferences in June – In June, FIIs demonstrated a strong preference for investments in the Financial Services, Telecom, Consumer Services, Healthcare, Realty and Chemicals sectors.

FII Selling in Key Sectors – FIIs sold off their holdings in the Metal & Mining, Construction, Oil & Gas, Power, Information Technology, and FMCG sectors in June.

Mutual Fund’s Investment Pace Slows Down -In this record-breaking market, the pace of mutual fund investments has slowed down in June compared to May. Despite the high market performance, Mutual Funds (MFs) invested ₹20,359 Cr in domestic equities in June.

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

Trends in Mutual Fund Average AUM: Apr-Jun, 2024

July 3, 2024

In an impressive display of resilience and investor confidence, the Mutual Fund industry has witnessed a remarkable surge. The Average Assets Under Management (AAUM) increased by an astounding 8.93% quarter-on-quarter, reaching a significant ₹58.96 Lakh Crs in the April-June 2024 quarter.

SBI Mutual Fund continues to solidify its leadership, proudly holding the top position for an impressive 18th consecutive quarter.

The mutual fund landscape demonstrates exceptional stability, with the top eight and top three firms retaining their ranks for an impressive 12 consecutive quarters. Additionally, the ranking of the top 10 Asset Management Companies (AMCs) remains unchanged, highlighting a period of steady dominance in the industry.

quant Mutual Fund, Bajaj Finserv Mutual Fund and JM Financial Mutual Fund have improved their overall rankings among mutual funds compared to previous quarters.

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