Author: Abhijit Powar

Mutual Fund industry’s Avg. AUM increased by 0.88% to ₹55 Lakh Crs in March, despite a net outflow of ₹1.59 Lakh Crs.

Equity Oriented Schemes’ AUM rose by 1.2% to ₹23.20 Lakh Crs, continuing a 37-month streak of net inflows, despite a 16% drop in monthly inflows.

Hybrid scheme inflows declined by 69%, with Arbitrage funds being the exception.

Passive funds saw a 31% month-on-month increase in net inflows, with ETFs leading the way.

Debt Funds’ AUM decreased by 1.30% to ₹14.36 Lakh Crs, facing a net outflow of ₹1.98 Lakh Crs.

SIP inflows continue to hit an all time high, ₹19,271 Crs in March.

For a comprehensive understanding and more insights, please go through our detailed Mutual Fund Flow report.

The landscape of Equity Mutual Funds underwent a dramatic transformation, with Net Assets Under Management (AUM) soaring to a historic ₹23.48 lakh crores in March.

Many equity mutual fund schemes demonstrated a strong inclination for new investments in prominent companies, including Maruti Suzuki, TCS, ITC, HDFC Life Insurance, Tata Chemicals, Samvardhana Motherson International, Jindal Steel & Power and Godrej Consumer.

Several equity schemes strategically exited investments in Jio Financial Services, LTIMindtree, IIFL Finance, HPCL, IREDA, NHPC, Tata Technologies, BPCL and Tata Steel.

Overall, equity mutual fund schemes were actively buying shares in leading companies such as ITC, HDFC Bank, TCS, Kotak Mahindra Bank, Shriram Finance, Maruti Suzuki, Axis Bank, Samvardhana Motherson International and REC.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards Aster DM Healthcare, NLC India, Aavas Financiers, Aditya Birla Sun Life AMC, GR Infraprojects, CIE Automotive, Hitachi Energy, Crompton Greaves, Apar Industries and Metropolis Healthcare.

For a comprehensive understanding and more insights, please go through our detailed report.

In an impressive display of resilience and investor confidence, the Mutual Fund industry experienced a remarkable surge, with the Average Assets Under Management (AAUM) increasing by 34% year-on-year to reach ₹54.13 Lakh Crores in the January-March, 2024 quarter.

SBI Mutual Fund solidifies its leadership, holding the top position for a remarkable 17th consecutive quarter.

The mutual fund landscape shows exceptional stability with the top eight and top three firms retaining their ranks for 11 straight quarters. Additionally, the ranking of the top 10 Asset Management Companies (AMCs) remains unchanged, reflecting a period of steady dominance in the industry.

The top 10 Asset Management Companies (AMCs) played a pivotal role in the Mutual Fund industry’s growth, contributing a significant 72% to the increase in Average AUM for the last quarter.

For a comprehensive understanding and more insights, please go through our detailed report.

The landscape of Indian equity mutual fund schemes transformed dramatically, with Net AUM reaching a historic ₹23.12 Lakh Crs, driven by a wave of investments in Equity NFOs and the consistent allure of SIP contribution.

Uncovering Trends in Equity Scheme Portfolios for February, 2024

• Focus on Oil & Energy: Many equity mutual fund schemes showed a strong preference for new investments in leading companies like BPCL, HPCL, Swan Energy, Oil India, ONGC, Power Grid Corporation, Coal India, Whirlpool of India and LIC. The IPOs of Apeejay Surrendra Park Hotels and Juniper Hotels also emerged as popular investment choices among these funds.
• Exits from Certain Stocks: Several equity schemes made strategic investment exits from Hindalco Industries, Crompton Greaves Consumer Electric, ITC, Ashok Leyland, One97 Communications, Bajaj Finance, HDFC Bank, IREDA, LTIMindtree, Axis Bank, Mphasis, M&M, IndusInd Bank and Kotak Mahindra Bank.

Breaking Down Equity Inflows of February, 2024

• Strong NFOs Collection: SBI MF’s Energy Opportunities Fund collected ₹6,700 Crs from 5 lakh applications, standing out among new launches. Bajaj Finserv Large & Mid Cap Fund and Motilal Oswal Large Cap Fund also saw significant inflows.
• Contra Funds Rising: SBI Contra Fund attracts significant inflows for the second consecutive month in February, underlining its rising popularity among investors.

For a comprehensive understanding and more insights, please go through our detailed report.

India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹54.53 Lakh Crs in February 2024, driven by consistent inflows Equity funds and a remarkable inflows in Debt funds.

Equity mutual funds experienced consecutive inflows for 3 years, registering a 23% increase in February.

Hybrid schemes continued to attract investors with a moderation in net inflow at ₹18,105 Crs and Arbitrage funds remained a popular choice.

Net inflows in of passive funds doubled to ₹9,756 Crs from ₹3,983 Crs.

The average AUM of Debt funds increased by 1.75%, with a net inflow of ₹63,809 Crs.

Corporate bond funds saw an impressive inflow of ₹3,029 Crs from ₹1,301 Crs in the previous month.

For a comprehensive understanding and more insights, please go through our detailed Mutual Fund Flow report.

Emerging Investment Patterns in Equity Mutual Fund Scheme Categories

• Record AUM Achievement: Equity Mutual Fund Schemes’ Net AUM reached an all-time high of ₹22.50 Lakh Crore, propelled by substantial market growth.
• Surging Open-Ended Equity Fund Inflows: Inflows surged by 28% to ₹21,781 Crore in January, marking a continuous positive trend for 35 months.
• Popular Investment Choices: Small Cap, Sectoral/Thematic, and Mid Cap Funds remained the preferred choices at 2024’s outset.
• Impressive Fund Attraction: From April to January 2024, Small Cap Funds drew ₹37,361 Crore with 52% average returns; Sector/Thematic and Mid Cap Funds amassed ₹26,958 Crore and ₹19,401 Crore, with 40% and 47% returns, respectively.

Breaking Down Equity Inflows of January

• Leaders in Active Fund Categories: Parag Parikh Flexi Cap Fund, Quant Small Cap Fund, and Nippon India Large Cap Fund stood out as the leading equity inflow schemes in 2024.

Uncovering Trends in Equity Scheme Portfolios for January

• Preferred Stocks for New Investments: Equity mutual fund schemes showed a preference for investing in ONGC, BHEL, Biocon, Voltas, Sobha, Gujarat Gas, Lupin, IndusInd Bank, Cipla, and Bank of India. Initial Public Offerings (IPOs) like Medi Assist Healthcare Services and Jyoti CNC Automation were also popular investment choices.
• Exits from Certain Stocks: Some equity schemes completely exited investments in Polycab India, Zee Entertainment Enterprises, The Federal Bank, Navin Fluorine International, Bandhan Bank, Bajel Projects, Mahindra & Mahindra Financial Services, and LTIMindtree.

For a comprehensive understanding and more insights, please go through our detailed report.

India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹52.89 Lakh Cr in January 2024, driven by consistent inflows Equity funds and a remarkable inflows in Debt funds.

Equity mutual funds experienced their 35th consecutive month of inflows, registering a 28% increase.

Hybrid schemes continued to attract investors with a net inflow of ₹20.64k Cr, and Arbitrage funds remained a popular choice.

Net inflows in of passive funds increased by 6 times to ₹3.98k Crs from ₹573 Crs.

The average AUM of Debt funds increased by 2.67%, with a net inflow of ₹ 76.47k crores.

Corporate bond funds saw an impressive inflow of ₹1.3k crs, significantly higher than the ₹188 crs inflow recorded in December.

For a comprehensive understanding and more insights, please go through our detailed Mutual Fund Flow report.

Emerging Investment Patterns in Equity Mutual Fund Scheme Categories

• Unprecedented Growth: Net AUM of Equity Mutual Funds hit ₹21.79 Lakh Crore.
• Consistent Inflows: 34th straight month of net inflows, up 9.40% to ₹16,997 Crore in December.
• Top Choices: Small Cap, Sectoral/Thematic and Mid Cap Funds dominated 2023, attracting 66% of total inflows; Large-cap and Focused Funds saw negative flows.
• Sectoral Shifts: Sectoral/Thematic Funds led December inflows, followed by Small Cap and Large & Mid Cap Funds.

Breaking Down Equity Inflows of December

• Leading New Funds: Axis India Manufacturing Fund alone attracted over ₹3,400 Crore; Motilal Oswal Small Cap Fund, WOC Large & Mid Cap Fund, and DSP Banking & Financial Services Fund collectively brought in more than ₹2,300 Crore.
• Active Fund Winners: Parag Parikh Flexi Cap Fund, Quant Small Cap Fund, and Nippon India Large Cap Fund were the top recipients in active fund categories.

Exploring Equity Scheme Portfolio Trends in December 2023

• New Investments: Preference for investing in Indian Bank, Bank of India, Kaynes Technology India, Mankind Pharma, CAMS, Dr. Reddy’s Laboratories and select IPOs like Indian Shelter Finance Corporation, Inox India, DOMS Industries, Happy Forging.
• Broad Buying Trends: Purchases in Indian Bank, Bank of India, Mankind Pharma, HDFC Bank, ICICI Bank, Reliance Industries, Kotak Mahindra Bank, Axis Bank, SBI Life Insurance Company.
• Mid Cap Stocks Activity: Active trading in mid-cap stocks, with sales in Coforge, HPCL, PI Industries and investments in Apollo Tyres, Mphasis, Voltas.

For a comprehensive understanding and more insights, please go through our detailed report.

India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹51.09 Lakh Cr in December 2023, driven by consistent inflows and a rally in the equity market.

Equity mutual funds experienced their 34th consecutive month of inflows, registering a 9.4% increase. However, Large Cap funds saw an outflow of ₹281 Cr.

Hybrid schemes continued to attract investors with a net inflow of ₹15k Cr, and Arbitrage funds remained a popular choice.

The Avg. AUM of passive funds increased by 6.4%.

The average AUM of Debt funds decreased by 1.28%, with a net outflow of Rs. 75.56k crores. This decline was primarily due to outflows from Liquid, Low Duration, and Money Market funds, largely attributed to quarterly advance tax payments. This indicates a cyclical movement in debt funds influenced by tax-related liquidity needs.

For a comprehensive understanding and more insights, please go through our detailed Mutual Fund Flow report.

The Mutual Fund industry saw a remarkable surge of 22.25% in Average AUM YoY to ₹49.22 Lakh Crores in the Oct-Dec 2023 quarter. This notable increase reflects a robust growth of 4.74% over the previous quarter’s ₹46.99 Lakh Crores, showcasing the industry’s resilience and investor confidence during a standout financial period.

SBI Mutual Fund solidifies its leadership, holding the top position for a remarkable 16th consecutive quarter.

The top 10 Asset Management Companies (AMCs) played a pivotal role in the Mutual Fund industry’s growth, contributing a significant 68% to the increase in Average AUM for the last quarter.

In the December quarter, Bajaj Finserv Mutual Fund, WhiteOak Capital Mutual Fund, Quant Mutual Fund, 360 ONE Mutual Fund, and Mahindra Manulife Mutual Fund demonstrated notable performance in terms of percentage growth in Average AUM, compared to the previous quarter.

Old Bridge Mutual Fund, Helios Mutual Fund, and Zerodha Mutual Fund are the latest entrants in the Mutual Fund industry, marking a new phase of diversity and competition in the sector.

For a comprehensive understanding and more insights, please go through our detailed report.