Equity MF AUM Sees Sharp March Correction as Overall Industry Assets Also Retreat: Equity mutual funds’ Net AUM fell sharply to ₹31.98 lakh crore in March from ₹35.39 lakh crore in February, reflecting a steep 9.66% MoM decline amid the broader equity market correction. At the same time, the overall mutual fund industry’s Net AUM also declined significantly by 10.11% MoM to ₹73.73 lakh crore from ₹82.03 lakh crore. The decline in industry assets was broad-based, driven by heavy debt outflows and a market-led fall in equity valuations during the month.
Mutual Funds Added Fresh Exposure Across Telecom, Financials, Energy and Cyclicals: Beyond the IPO addition, mutual funds added a diversified set of names led by Bharti Airtel, Shriram Finance, Oil India, Tata Steel and InterGlobe Aviation. Incremental additions were also seen in ONGC, NTPC, Coal India, Sun Pharma, BSE, Mahindra & Mahindra, Eternal and Hindalco, indicating broad-based buying across telecom, lenders, energy, industrials, metals, autos and healthcare.
Mutual Funds Back March’s IPO Addition; Sedemac Mechatronics Draws Strong Debut Interest: Sedemac Mechatronics Ltd. emerged as the standout IPO addition in March 2026, with 30 equity mutual fund schemes initiating exposure with aggregate holdings bought amounting to 11.44%, making it the most notable fresh entry during the month.
Mutual Funds Exited Select Consumer, Financial, Auto and Energy Names Amid Portfolio Rotation: On the exit side, schemes pared or exited holdings in stocks led by Meesho Ltd., HPCL and BPCL, while other notable exits were seen in Kwality Wall’s (India), ICICI Lombard, HDB Financial Services, Maruti Suzuki, Tata Motors, Bajaj Auto, ICICI Prudential AMC, Bajaj Finance, Hero MotoCorp, Cholamandalam Investment, IDFC First Bank and Cummins India. This suggests ongoing portfolio churn and sector rotation across consumer, financial, auto and energy exposures.
InterGlobe Aviation, Shriram Finance & Eternal Lead Mutual Fund Buying; Private Banks and Telecom Also See Strong Net Adds: With mutual funds posting record buying in Indian equities, March saw net accumulation in most of the top traded stocks. Equity mutual funds showed the strongest net accumulation in InterGlobe Aviation, followed by Shriram Finance, Eternal, Bharti Airtel and HDFC Bank. Strong net additions were also visible in Kotak Mahindra Bank, ICICI Bank, Infosys, Mahindra & Mahindra, Coal India and Axis Bank, reflecting continued preference for financials, telecom, travel, consumption, and selective growth-oriented large caps. Incremental buying was further seen in NTPC, Reliance Industries, ONGC, Sun Pharma, L&T, HCL Technologies, and Bajaj Finance, indicating broad-based participation across key sectors.
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