Equity MFs AUM Cools Off in January Even as Industry AUM Expands: Equity mutual funds’ Net AUM eased to ₹34.87 lakh crore in January from a record ₹35.73 lakh crore in December, a 2.40% MoM dip as the CY26 opening market correction weighed on portfolio values. In contrast, overall mutual fund industry Net AUM rose 0.97% MoM to ₹81.01 lakh crore (vs ₹80.23 lakh crore in December), signalling that despite softer equity valuations, a broader asset mix and sustained inflows kept the headline industry AUM on an upward track.
Mutual Funds Show Strong Appetite for January IPO Additions; Amagi and Shadowfax Lead Fresh Exposure: Equity mutual funds built meaningful new positions in the month’s IPO/new-age additions led by Amagi Media Labs (30 schemes; 12.32% holding bought) and Shadowfax Technologies (17; 7.80%), highlighting strong scheme-level conviction in scalable, new-economy listings.
Mutual Funds Add Fresh Picks Across Financials, Metals and Select Cyclicals: Beyond IPOs, funds added exposure across core franchises and cyclicals —Biocon, Tata Steel, Axis Bank, IndusInd Bank and NTPC, indicating preference for large financials, metals and select industrial/cyclical plays. Incremental additions were also visible in Oil India, Shriram Finance, State Bank of India, UltraTech Cement and HDFC Bank, pointing to diversified buying with selective size built in a few names.
Mutual Funds Execute Complete Exits in Select Names Amid Portfolio Realignment: On the exit side, schemes fully exited a set of names including Dixon Technologies, LG Electronics India, ITC and Cipla, suggesting churn, profit-taking and consolidation in select high-traded positions. Additional exits were seen in Cummins India, Tech Mahindra, HDFC Asset Management Company, HCL Technologies, Tata Capital, United Spirits, Polycab India, LTIMindtree, ICICI Prudential Life Insurance Company and Honeywell Automation India, indicating a portfolio realignment across consumer, industrials and IT exposures.
For a comprehensive understanding and more insights, please go through our detailed report.