Equity mutual funds received strong inflows of ₹ 15,498 crore in June, despite sharp fall in both Indian and overseas markets. This is the 16th straight month of investments despite selling pressure from FIIs.
Many Equity mutual fund schemes preferred to do fresh investment in Maruti Suzuki, M&M, Reliance, ICICI Lombard, Gland Pharma, United Breweries, Aether Industries(IPO), Eicher Motors and Apollo Hospitals.
Some equity schemes completely exited from Tata Steel, ONGC, HDFC Bank, HDFC, Axis Bank, Coal India, LIC, Coforge and Hindalco Industries.
Insurance, Capital Goods, Capital Goods, Alcohol and Aviation were preferred investment sectors for Equity schemes.
Some equity schemes exited their investments from Mining, Metals, Consumer Durables and Electricals sectors.
Small Cap Schemes performed better compared to their benchmark indices. Large Cap Schemes and Mid Cap Schemes performed in line with benchmark indices.
It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure, top traded stocks and fresh stock picks by AMCs during June month.
For all these snippets and much more please read through our report.