Equity MFs Hit Record AUM in October: Equity mutual funds scaled a fresh peak in October, with Net AUM rising 4.41% to an all-time high of ₹35.17 lakh crore, up from ₹33.68 lakh crore in September. The broader MF industry also touched a new milestone, with Net AUM growing 2.59% to ₹79.79 lakh crore. The surge was fueled by record SIP inflows and strong market performance, underscoring sustained investor confidence.
Mutual Funds Show Strong Appetite for October IPOs: Equity mutual funds displayed healthy participation in the October IPO pipeline, selectively allocating capital to newly listed companies. Key IPO entries included LG Electronics India (155 schemes; 4.00%), Tata Capital (49 schemes; 1.04%), Lenskart Solutions (49 schemes; 1.48%), WeWork India Management (34 schemes; 12.16%), Canara HSBC Life Insurance (28 schemes; 12.05%), Canara Robeco AMC (21 schemes; 10.55%) and Rubicon Research (18 schemes; 6.41%).
Mutual Funds Add Fresh Picks Across Financials & Autos: Beyond IPOs, mutual funds broadened their equity exposure by adding established names such as The Federal Bank, Canara Bank, Shriram Finance, LTIMindtree, Hindalco Industries, TVS Motor Company and Thyrocare Technologies.
Mutual Funds Make Complete Exits Across Key Sectors: On the exit side, equity schemes realigned portfolios by fully exiting holdings in HDFC Life Insurance Company, HDB Financial Services, TCS, REC, Power Finance Corporation, Cohance Lifesciences, The Indian Hotels Company, Suzlon Energy, Lupin, Voltas, Trent, Siemens Energy India, SBI Cards and Max Healthcare Institute.
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