Equity Mutual Funds 2024: A Year of Resilience and Record-Breaking Growth
Equity Mutual Funds Soar in 2024 with 40% Net AUM Surge to ₹30.58 Lakh Cr – In 2024, equity mutual funds witnessed a phenomenal surge, with Net Assets Under Management (AUM) climbing 40.30% to ₹30.58 Lakh Cr.
Equity Mutual Funds Hit Record Inflows of ₹3.94 Lakh Cr in 2024 – Equity mutual fund inflows for 2024 reached an all-time high of ₹3.94 Lakh Cr, with October and December standing out as the months with the highest contributions.
Parag Parikh Flexi Cap Leads 2024 Equity Inflows as Top 10 Equity Schemes Capture 30% Share – In 2024, Parag Parikh Flexi Cap Fund emerged as the most popular equity scheme, attracting the highest inflows, followed by SBI Contra Fund and Motilal Oswal Midcap Fund. Despite nearly 500 equity schemes in the market, the top 10 funds captured over 30% of total inflows, exceeding ₹1.20 Lakh Cr. The top 15 funds secured more than 40%, amounting over ₹1.6 Lakh Cr, highlighting a strong investor preference for select, high-performing schemes.
Mid-Cap Moves – Among the top-traded mid-cap stocks, many schemes invested in companies such as OFSS, HPCL, Godrej Properties, Torrent Power and Bharat Forge. Meanwhile, several equity schemes chose to sell holdings in Coforge, Persistent Systems and Dixon Technologies.
Small-Cap Shifts – Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Apollo Tyres, Nuvama Wealth Management, TBO Tek, Radico Khaitan and Kalpataru Projects International, while notable disinvestment occurred in MCX.
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