Flexi Cap Funds Reach the ₹6 Lakh Crore AUM: Flexi Cap Funds reached the ₹6 lakh crore AUM milestone for the first time, with net assets reaching ₹6.00 lakh crore in July. The category remained the largest equity mutual fund segment for the ninth consecutive month, followed by Sectoral & Thematic Funds at ₹5.62 lakh crore and Mid Cap Funds at ₹5.23 lakh crore. These are now the only three equity fund categories with AUM above ₹5 lakh crore each, highlighting sustained investor preference for diversified, thematic and mid-cap strategies.
Equity Mutual Fund AUM Reaches a New Record High: Equity mutual funds’ net AUM rose 2.74% MoM to a record ₹38.36 lakh crore in July, from ₹37.34 lakh crore in June, supported by gains across the broader equity market. Meanwhile, the mutual fund industry’s overall net AUM increased 4.3% MoM to ₹85.76 lakh crore, aided by market appreciation across both equity and debt assets.
Mutual Funds Show Strong Appetite for July IPO Additions: Equity mutual funds displayed healthy participation in newly listed companies, building fresh exposure to Indo-MIM (79 schemes; 8.40% company stake acquired), SBI Funds Management (72; 1.57%), Manipal Health Enterprises (44; 1.95%), Kusumgar (19; 5.90%) and Lohia Corp (17; 12.79%). Broad scheme participation, particularly in Indo-MIM and SBI Funds Management, highlights strong institutional interest in select IPOs, while the relatively higher stakes acquired in Lohia Corp and Indo-MIM indicate stronger mutual fund conviction in these new listings.
Mutual Funds Add Fresh Picks Across Pharma, Industrials & New-Age Businesses: Beyond IPOs, several schemes initiated exposure to Torrent Pharmaceuticals, Adani Enterprises, Diamond Power Infrastructure, Biocon, Swiggy, Belrise Industries and One97 Communications, alongside Shadowfax Technologies, Prestige Estates Projects and 360 One WAM, signalling diversified buying across pharmaceuticals, industrials, digital consumption, real estate and financial services.
MF Schemes Record Full Exits Across Energy, Metals, Financials and Select Large-Cap Names: On the exit side, several schemes fully exited positions in Vedanta Power, Vedanta Oil and Gas, Vedanta Iron and Steel, Kotak Mahindra Bank, Bank of Baroda and Muthoot Finance, indicating portfolio reshuffling across energy, metals and financials. Other notable exits included Tata Steel, Vedanta, Hindustan Petroleum, GE Vernova T&D India, Larsen & Toubro, Angel One, Indian Bank, Bandhan Bank and Trent, reflecting selective reduction in exposure across commodities, industrials, banking, capital markets and consumption.
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