Equity MFs Scale a New AUM Peak in December, Even as Industry AUM Moderates: Equity mutual funds inched up to a record Net AUM of ₹35.73 lakh crore in December, a modest 0.19% MoM increase from ₹35.66 lakh crore in November. In contrast, overall mutual fund Industry Net AUM declined 0.71% MoM to ₹80.23 lakh crore from ₹80.80 lakh crore, indicating a softer industry-wide asset base even as equity schemes remained resilient at elevated levels.
Mutual Funds Show Strong Appetite for December IPO Additions: Equity mutual funds displayed healthy interest in select IPO/new-age entries, building fresh exposure to ICICI Prudential AMC (115 schemes; 4.17%), Meesho (59; 3.02%), Wakefit Innovations (27; 7.42%), CORONA Remedies (19; 6.26%), Park Medi World (14; 3.07%) and Aequs (16; 3.08%), indicating broad participation and scheme-level conviction in newly listed/scalable businesses.
Mutual Funds Add Fresh Picks Across Financials, Consumption & Metals: Beyond IPOs, funds expanded exposure via Shriram Finance (31; 1.10%), Swiggy (31; 2.23%), Bank of Maharashtra (21; 2.69%), alongside Tata Motors, NALCO, Hindustan Zinc, Ashok Leyland and Mahindra & Mahindra Financial Services, signalling diversified buying across lenders, consumption, autos and select commodity plays.
Mutual Funds Execute Complete Exits in Select Names Amid Portfolio Realignment: On the exit side, schemes fully exited InterGlobe Aviation, Kaynes Technology, Dixon Technologies, Siemens Energy India, REC, LG Electronics India, State Bank of India, HDFC AMC, Tata Motors Passenger Vehicles, Bharat Electronics, Page Industries, Hero MotoCorp, Coforge, Biocon and Canara Bank, reflecting churn and consolidation across industrials, financials, consumer and healthcare.
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