Equity MFs AUM Slips Despite Record MF Peak: The Mutual Fund industry’s net AUM climbed to a record ₹75.37 Lakh Cr in July, yet equity MFs net AUM eased 0.57% to ₹33.28 Lakh Cr from its fresh peak of ₹33.47 Lakh Cr in June. This setback came despite record inflows and all-time-high SIP contributions, as market corrections weighed on valuations.
Mutual Funds Rush to IPOs in July: Mutual funds showed strong primary-market appetite, investing in several high-profile IPOs. Major allocations went to Anthem Biosciences (67 schemes; 5.98%), HDB Financial Services (44; 3.89%), Aditya Infotech (23; 2.53%), Travel Food Services (21; 4.07%), NSDL (20; 2.48%), Indiqube Spaces (18; 5.67%), and M&B Engineering (14; 7.85%).
Mutual Funds Expand Portfolios with New Stock Additions: Stocks like State Bank of India, Swiggy, Gabriel India, Navin Fluorine, Glenmark Pharma, Mahindra & Mahindra, RBL Bank and Eternal were actively added as fresh investments by several equity mutual fund schemes in July, reflecting a growing appetite across banking & financials, consumer services, chemicals, healthcare and auto-related sectors.
Funds Restructure Portfolios with Targeted Exits: Many equity mutual fund schemes fully exited stocks like IEX, Indian Hotels, Axis Bank, United Spirits, Mankind Pharma, Info Edge, SBI Cards, Siemens Energy India, HAL, Reliance Industries, BSE, InterGlobe Aviation, Max Financial and Cipla, reflecting profit booking and portfolio reshuffling amid shifting market dynamics.
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