Month: August 2024

For the first time, the Sector/Thematic Fund category has emerged as the leading category in terms of Net AUM within the Equity Mutual Fund segment, achieving an all-time high Net AUM of ₹4,21,112 Crs, surpassing all other categories of Equity MF schemes.

Many equity mutual fund schemes have demonstrated a significant inclination towards fresh investments in well-established companies such as ITC, Vedanta, ONGC, Pitti Engineering, Techno Electric & Engineering Company, PNB Housing Finance, Crompton Greaves Consumer Electricals, Indus Towers, MCX, HDFC Life Insurance, ICICI Pru Life Insurance and Hindustan Unilever.

Several equity schemes have completely exited their holdings in companies such as Tata Steel, IndusInd Bank, Kotak Mahindra Bank, HDFC Bank, Bank of Baroda, TCS, The Ramco Cements, Vodafone Idea, BSE, Angel One and Container Corporation of India.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Crompton Greaves Consumer Electricals, PNB Housing Finance, MCX, Sobha, Birlasoft, Whirlpool of India and Sun TV Network. Concurrently, there was notable disinvestment from Aditya Birla Fashion & Retail, Cholamandalam Financial Holdings and Laurus Labs.

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

The Mutual Fund industry’s Avg. Assets Under Management soared by 5.50%, reaching an impressive ₹64.71 Lakh Crs in July.

The Avg. AUM of Equity Oriented Schemes saw a robust increase of 6.2%, reaching ₹28.50 Lakh Crs.

The Sectoral/Thematic funds attracted inflows of ₹18.39K Crs in July, slightly down from the ₹22.35K Crs  received in June.

Hybrid schemes witnessed a remarkable doubling in net inflows, reaching ₹17.44K Crs with major inflows in Arbitrage fund category.

The Avg. AUM of Debt Funds climbed by 5.05%, reaching ₹15.95 Lakh Crs in July, fueled by a net inflow of ₹1.19 Lakh Crs.

Investment through SIPs hit a new all-time high of ₹23,332 Crs in July, surpassing the previous record of ₹21,262 Crs set in June.

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

Mutual Funds Boost Equity Investments Post-Budget – Mutual Funds ramped up their equity investments after the budget. Of the total ₹20,601 Crs invested in equities, a substantial ₹19,436 Crs was directed into the domestic equity market during the last seven trading sessions of July.

FIIs Shift to Selling Post-Budget Yet Invest ₹32,365 Crs in July – FIIs continued their robust investments in Indian equity markets until the budget. However, following the budget, FIIs shifted gears and began selling in the equity market. Despite this change in strategy, they still managed to invest a notable ₹32,365 crore in July.

FII’s Debt Market Investments Surge – FIIs have demonstrated robust confidence in the Indian debt market, making their second-largest investment of the year at ₹22,363 Crs in July. With overall debt investments reaching ₹90,988 crore so far this calendar year, 2024 is shaping up to be the best year yet for FII debt investment.

FII Buying in Key Sectors – FIIs showed a strong preference for investments in the Information Technology, Metals & Mining, Automobile & Auto Components, Healthcare, Capital Goods, Consumer Services and Telecommunication sectors in July.

FII Selling in Key Sectors – FIIs sold off their holdings in the Financial Services, Power, Construction, Chemicals, Consumer Durables and Utilities  sectors in July.

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