Market Correction Drags Down MFs AUM in August: Equity MFs net AUM slipped 0.58% to ₹33.09 Lakh Cr in August from ₹33.28 Lakh Cr in July, while the overall mutual fund industry’s net AUM dipped 0.23% to ₹75.19 Lakh Cr. The decline came despite good inflows and near-record SIP contributions, as moderate market corrections weighed on valuations, ultimately capping overall asset growth.
MFs Eye Fresh Opportunities in Select IPOs: Equity mutual funds displayed strong primary-market appetite, allocating selectively to newly listed companies. Major IPO allocations included Vikram Solar (20 schemes; 2.74%), JSW Cement (19 schemes ; 4.91%), Aditya Infotech (17 schemes; 4.59%) and Bluestone Jewellery & Lifestyle, highlighting investor enthusiasm for fresh listings.
Mutual Funds Expand Portfolios with New Stock Additions: Schemes actively bought into Eternal, Clean Science & Technology, One97 Communications, Sai Life Sciences, InterGlobe Aviation, Hyundai Motor, FSN E-Commerce, Apollo Hospitals, PB Fintech and Delhivery, showcasing a broader push into technology, healthcare, auto, consumer services and financial platforms.
Funds Restructure Portfolios with Targeted Exits: On the sell side, mutual funds trimmed or exited Siemens Energy India, ABB India, PNB Housing Finance, PG Electroplast, Suzlon Energy, Hindalco, Shriram Finance, BSE, Divi’s Laboratories, SBI Cards, Eicher Motors and Prestige Estates, signalling strategic portfolio realignment.
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