Month: November 2024

Equity Mutual Fund Schemes Invest in Hyundai Motor India IPO, Highlighting October’s Largest Debut: A total of 77 equity mutual fund schemes showed strong interest in October’s largest IPO, Hyundai Motor India. Other prominent IPOs, including Waaree Energies and Afcons Infrastructure, also drew investments from numerous equity schemes, underscoring fund managers’ focus on high-potential market entrants for portfolio growth.

Top New Investment Picks by Equity Mutual Funds: Several equity mutual fund schemes have demonstrated a strong preference for fresh investments in companies such as Mahindra & Mahindra, Angel One, 360 One Wam, Torrent Pharmaceuticals, Coforge, National Aluminium Company, PB Fintech and Dixon Technologies.

Equity Schemes Exit Major Companies Like Tata Motors and ONGC: Several equity schemes have fully exited their positions in companies such as Indus Towers, Tata Motors, ONGC, Dr. Reddy’s Laboratories, Hindustan Aeronautics, Oil India, Coal India, Vedanta, Bharat Electronics, Vodafone India, Indian Bank, GAIL, Bank of Baroda and Tech Mahindra.

Equity Schemes Exit Key Positions in Avenue Supermart and Tata Motors: Several equity schemes have fully exited their positions in companies such as Avenue Supermart, Tata Motors, Bharat Electronics, Indus Towers, Mphasis, Tata Steel, HAL, Honeywell Automation India, Global Health, ONGC, Oil India and Credit Access Gramin.

Mid-Cap Moves: Among the top-traded mid-cap stocks, many schemes invested in companies such as Coforge, Dixon Technologies, Max Healthcare Institute, Polycab India, HPCL and PAYTM. Meanwhile, several equity schemes chose to sell holdings in Sona BLW Precision Forgings, Voltas and Mphasis.

Small-Cap Shifts: Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Balrampur Chini Mills, Sansera Engineering, 360 One Wam, Angel One, Birlasoft and Firstsource Solutions, while notable disinvestment occurred in  GE Vernova T&D India, MCX, Whirlpool of India and Aether Industries.

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

The mutual fund industry’s average AUM rose by 0.73% to reach ₹68.50 lakh crore.

Equity-oriented schemes recorded their highest-ever inflows at ₹41.89K crore, showing continued investor confidence despite market volatility.

Sectoral and thematic funds continued to see strong interest, with inflows at ₹12.28K crore, driven by new scheme launches.

Passive investments gained traction, with net inflows into index funds and ETFs surging by 619% to ₹23.43K crore, led by strong retail demand and overseas fund interest.

Hybrid schemes surged, with inflows up by 244% to ₹16.86K crore, led by arbitrage and dynamic funds.

Debt funds saw a major rebound, with average AUM increasing by 4.36% and net inflows reaching ₹1.57 lakh crore, driven by reinvestment post-tax outflows in September.

SIP investments reached a new all-time high of ₹25,322 crore, marking 16 consecutive months of record-breaking inflows.

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

Highest FPI Outflows in Indian Equity Market History – This massive sell-off led to a 6% decline in Sensex and Nifty, marking the steepest drop since the March 2020 market turmoil. Foreign investors pulled a historic ₹94,017 Crs from Indian equities in October, driven by high valuations and enticing prices in China. Foreign Portfolio Investors sold Indian stocks nearly every trading day in October, with a peak single-day selloff of ₹15,506 Crs on October 3rd, intensifying market pressure throughout the month.

FPI Turnaround: Indian Debt Market Sees First Net Outflow Since April – This selling pressure further reduced their total investments in the debt segment, bringing cumulative inflows for the calendar year down to ₹140,299 crore. In October 2024, Foreign Institutional Investors (FIIs) sold ₹3,632 Crs in India’s debt market.

FPI Record Selloff Hits Key Sectors: Financials, Oil & Gas, FMCG, Auto and More – This widespread selloff underscores rising global uncertainties and intensifying market pressures. In October, FPIs significantly reduced holdings across crucial sectors like Financial Services, Oil & Gas, FMCG, Automobiles, Consumer Services, Construction and IT. 

Record DII Buying Cushions FPI Selloff in October – Domestic Institutional Investors (DIIs) have stepped up in 2024, providing much-needed support to the Indian markets amid heavy selling by Foreign Portfolio Investors (FPIs). 

Mutual Funds Lead the DII Charge with ₹3.70 Trillion Investment in 2024 – Mutual Funds have powered the record-setting DII inflows this year, contributing an impressive ₹3.70 trillion out of the total ₹4.47 trillion. In October alone, they invested ₹90,152 Crs in Indian equity markets, reinforcing their role as a key market stabilizer.

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