Equity MFs AUM Rose in February as Industry AUM Continued to Expand: Equity mutual funds’ Net AUM increased to ₹35.39 lakh crore in February from ₹34.87 lakh crore in January, marking a 1.51% MoM rise as broader markets remained supportive. Meanwhile, overall mutual fund industry Net AUM grew 1.26% MoM to ₹82.03 lakh crore from ₹81.01 lakh crore, indicating that sustained inflows and a diversified asset mix kept industry assets on an upward trajectory.
Mutual Funds Back February’s IPO Addition; Fractal Analytics Draws Strong Fresh Interest: Fractal Analytics emerged as the key IPO addition in February, with 29 equity mutual fund schemes initiating exposure and total holdings bought reaching 6.02%.
Mutual Funds Add Fresh Picks Across Financials, Consumption and Select Cyclicals: Beyond the IPO addition, funds added exposure across a diversified set of names led by PB Fintech, MCX, Vishal Mega Mart and IndusInd Bank, indicating preference for platform businesses, market infrastructure, consumption and financials. Incremental additions were also visible in Axis Bank, ICICI Bank, Bank of Baroda, Cholamandalam Investment, Kotak Mahindra Bank, Shriram Finance, Tata Steel, Cummins India and Tata Motors PV, pointing to broad-based buying across lenders, industrials, autos and metals.
Mutual Funds Execute Complete Exits in Select IT, Financial and Cyclical Names Amid Portfolio Realignment: On the exit side, schemes fully exited a set of stocks led by Kwality Wall’s (India), while additional exits were seen in Billionbrains Garage Ventures, Hindalco Industries, LTIMindtree, KPIT Technologies, Tech Mahindra, REC, Bajaj Finance, Cipla, Tata Consultancy Services, HDB Financial Services, Asian Paints and Mphasis. This suggests portfolio churn and tactical realignment across select IT, financial, consumer and cyclical exposures.
PB Fintech, Persistent Systems, Vishal Mega Mart & IndusInd Bank Lead Mid-Cap Buying; Bharat Forge, GE Vernova T&D and Coforge See Selling: In the mid-cap basket, equity mutual funds were net buyers in PB Fintech, Persistent Systems, Vishal Mega Mart, IndusInd Bank, Dixon Technologies, Bharat Heavy Electricals and Indus Towers, reflecting preference for financials, technology, consumption and select industrial names. Net selling, however, was visible in Bharat Forge, GE Vernova T&D India and Coforge, indicating tactical profit-booking and portfolio reshuffling in select auto ancillary, power and IT plays.
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