Equity mutual funds received net inflows of ₹ 5215 crore for the eighth consecutive month in October. Since March, equity funds logged net inflows amounting to ₹ 73,766 crore. All equity categories except Value Funds and ELSS had net inflows in October.
As per MFs activities in stocks, IRCTC witnessed major sell off from 51 Equity MF Schemes in October month. Out of 51 schemes, 35 schemes fully sold off their IRCTC stake. Some equity schemes completely exited from HDFC life, Petronet LNG, IGL, Cipla, TCS, HUL, AIA Engineering and Tata Power.
It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure, top traded stocks and fresh stock picks by Equity MF schemes during October month.
For all these snippets and much more please read through our report.