Equity MFs Touch ₹30.58 Lakh Cr AUM in April – Equity mutual funds saw a robust 3.8% rise in Net AUM during April, driven by strong market momentum and rising investor confidence — pushing total assets to a record ₹30.58 Lakh Cr.
Fresh Bets: Funds Flock to Financials, Aviation & EVs – Recent IPO stock Ather Energy led the fresh picks with 13 schemes acquiring a massive 4.97% stake, reflecting rising conviction in the electric mobility theme. Financial names were in high demand, with Axis Bank, IDFC First Bank, Kotak Mahindra Bank and Ujjivan Small Finance Bank drawing fresh interest. Jio Financial and Max Financial were also among the top choices, signaling continued confidence in the financial sector’s growth trajectory. Beyond banking, mutual funds added Interglobe Aviation, Reliance Industries, Supreme Industries, Lupin, Tube Investments, Dixon Technologies and Cholamandalam Investment.
IndusInd Bank: Conflicting Moves by MFs in April – IndusInd Bank was at the center of mixed activity, with 23 mutual fund schemes adding the stock as fresh investment (1.45% stake), while 17 others exited it (1.68% stake). The simultaneous buying and selling signals fund managers’ divided outlook and portfolio rebalancing strategies.
Clear Exits: Profit Booking in Autos, Pharma & Consumption – Voltas faced the steepest pullback, with 21 schemes exiting a 2.25% stake. Muthoot Finance, Zydus Life Sciences and Tech Mahindra also saw exits by 13 or more schemes. Notably, Mahindra & Mahindra, Siemens, Hindalco, ITC, Dr. Reddy’s Labs, Hindustan Unilever, Tata Motors, Bharat Forge and Navin Fluorine were also among the top exits.
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