Equity MF AUM Hits Fresh Peak on Market Euphoria & Record SIPs: Equity mutual funds extended their stellar run in June with a sharp 4.41% rise in Net AUM to a record ₹33.47 Lakh Cr, driven by strong market performance and record SIP inflows, reflecting rising investor confidence and a bullish retail sentiment.
IPO Debuts Shine Bright on MF Radar in June: Equity Mutual Funds showed strong enthusiasm for newly listed IPOs — HDB Financial Services led with 50 schemes adding it, while Ellenbarrie Industrial Gases and Oswal Pumps also garnered notable traction.
Fresh Bets: MFs Diversify Across Key Growth Sectors: Stocks like Vishal Mega Mart, Biocon, Interglobe Aviation, Swiggy, Aptus Value Housing, ZF Commercial Vehicle, Kaynes Technology, Tech Mahindra, One97 Communications, Aditya Birla Capital, Blue Star and Torrent Pharma were actively added as fresh investments by several equity mutual fund schemes, reflecting growing appetite across consumer, healthcare, financials, tech and auto-related sectors.
MFs Book Profits, Exit Key Names Amid Market Rotation: Many equity mutual fund schemes exited stocks like TCS, BSE, ICICI Bank, Cholamandalam Finance, United Spirits, Indian Bank, ITC, Dixon Technologies, Tata Motors, Eternal, Federal Bank, Bajaj Finance, Mazagon Dock, Page Industries and Ipca Labs, indicating profit booking and portfolio reshuffling amid shifting market dynamics.
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