Mutual Funds

For the first time, the Sector/Thematic Fund category has emerged as the leading category in terms of Net AUM within the Equity Mutual Fund segment, achieving an all-time high Net AUM of ₹4,21,112 Crs, surpassing all other categories of Equity MF schemes.

Many equity mutual fund schemes have demonstrated a significant inclination towards fresh investments in well-established companies such as ITC, Vedanta, ONGC, Pitti Engineering, Techno Electric & Engineering Company, PNB Housing Finance, Crompton Greaves Consumer Electricals, Indus Towers, MCX, HDFC Life Insurance, ICICI Pru Life Insurance and Hindustan Unilever.

Several equity schemes have completely exited their holdings in companies such as Tata Steel, IndusInd Bank, Kotak Mahindra Bank, HDFC Bank, Bank of Baroda, TCS, The Ramco Cements, Vodafone Idea, BSE, Angel One and Container Corporation of India.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Crompton Greaves Consumer Electricals, PNB Housing Finance, MCX, Sobha, Birlasoft, Whirlpool of India and Sun TV Network. Concurrently, there was notable disinvestment from Aditya Birla Fashion & Retail, Cholamandalam Financial Holdings and Laurus Labs.

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

The Mutual Fund industry’s Avg. Assets Under Management soared by 5.50%, reaching an impressive ₹64.71 Lakh Crs in July.

The Avg. AUM of Equity Oriented Schemes saw a robust increase of 6.2%, reaching ₹28.50 Lakh Crs.

The Sectoral/Thematic funds attracted inflows of ₹18.39K Crs in July, slightly down from the ₹22.35K Crs  received in June.

Hybrid schemes witnessed a remarkable doubling in net inflows, reaching ₹17.44K Crs with major inflows in Arbitrage fund category.

The Avg. AUM of Debt Funds climbed by 5.05%, reaching ₹15.95 Lakh Crs in July, fueled by a net inflow of ₹1.19 Lakh Crs.

Investment through SIPs hit a new all-time high of ₹23,332 Crs in July, surpassing the previous record of ₹21,262 Crs set in June.

For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for July 2024.

Mutual Funds Boost Equity Investments Post-Budget – Mutual Funds ramped up their equity investments after the budget. Of the total ₹20,601 Crs invested in equities, a substantial ₹19,436 Crs was directed into the domestic equity market during the last seven trading sessions of July.

FIIs Shift to Selling Post-Budget Yet Invest ₹32,365 Crs in July – FIIs continued their robust investments in Indian equity markets until the budget. However, following the budget, FIIs shifted gears and began selling in the equity market. Despite this change in strategy, they still managed to invest a notable ₹32,365 crore in July.

FII’s Debt Market Investments Surge – FIIs have demonstrated robust confidence in the Indian debt market, making their second-largest investment of the year at ₹22,363 Crs in July. With overall debt investments reaching ₹90,988 crore so far this calendar year, 2024 is shaping up to be the best year yet for FII debt investment.

FII Buying in Key Sectors – FIIs showed a strong preference for investments in the Information Technology, Metals & Mining, Automobile & Auto Components, Healthcare, Capital Goods, Consumer Services and Telecommunication sectors in July.

FII Selling in Key Sectors – FIIs sold off their holdings in the Financial Services, Power, Construction, Chemicals, Consumer Durables and Utilities  sectors in July.

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

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In the first half of 2024, Equity Mutual Funds attracted massive inflows totaling ₹1,65,502 Crs, with a significant 42% of these investments channeled into Sector/Thematic Funds alone. This trend persisted in June, with an impressive ₹22352 Crs or 55% of June inflows being allocated to Sector/Thematic Funds.

Many equity mutual fund schemes have demonstrated a significant inclination towards fresh investments in well-established companies such as Indus Towers, Craftsman Automation, Mphasis,  ZF Commercial Vehicle Control Systems, Transformers & Rectifiers, Kotak Mahindra Bank, The Ramco Cements, HDFC Bank, Interglobe Aviation, Mahindra & Mahindra, Samvardhana Motherson International and Hindustan Unilever.

Several equity schemes have strategically exited their holdings in companies such as ONGC, REC, NHPC, NTPC, BHEL, Max Financial Services, Container Corporation of India, Adani Power, Canara Bank, Punjab National Bank, Bank of Baroda, IndusInd Bank and Coforge.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Craftsman Automation, Kalpataru Projects, The Ramco Cements, Sansera Engineering, Aster DM Healthcare and Sun TV Network. Concurrently, there was notable disinvestment from Whirlpool of India, Cholamandalam Financial Holdings and Crompton Greaves Consumer Electricals.

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

The Mutual Fund industry’s average AUM surged by 4.66% to ₹61.33 lakh crore in June.

The average AUM of Equity Oriented Schemes increased by 7% to ₹26.83 lakh crore.

Net Inflows into open-ended equity funds remained positive for the 40th consecutive month in June, reaching a record high of ₹40.61K crore.

Sectoral/Thematic fund inflows hit another record of ₹22.35K crore, driven by interest in NFOs, with nine new funds including SBI Automotive Opportunities Fund and Mahindra Manulife Manufacturing Fund collecting ₹12.97K crore.

Hybrid schemes experienced a decline of 51% in net inflows to ₹8.86K crore.

The average AUM of Debt Funds rose by 1.08% to ₹15.18 lakh crore in June, despite a net outflow of ₹1.08 lakh crore.

Investment through SIPs reached an all-time high for the 12th consecutive month!

For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for June 2024.

In the latest AMFI stock categorization, seven notable stocks have been elevated from the Mid Cap to the Large Cap category. This prestigious upgrade includes industry leaders such as Hero Motocorp, Zydus Lifesciences, JSW Energy, NHPC, BHEL, Samvardhana Motherson International and Bosch.

In the recent upgrade from Small Cap to Mid Cap category, a total of 19 stocks have been promoted to the Mid Cap category. Among these, two recent IPO stocks, Bharti Hexacom and Go Digit Insurance, have made their debut in the Mid Cap segment.

Tata Chemicals, Vedant Fashions, The Ramco Cements, and Piramal Enterprises have been
downgraded to the Small Cap category.

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

Indian Markets Reach All-Time High with Robust FII and DII Investments – Indian markets reached an all-time high, marking a significant turning point driven by FIIs buying into the equity market. FIIs have now become net buyers for the calendar year, purchasing equities worth ₹26,565 Cr in June. Domestic Institutional Investors (DIIs) also supported the market with investments totaling ₹28,633 Cr in June. 

FII Investment Preferences in June – In June, FIIs demonstrated a strong preference for investments in the Financial Services, Telecom, Consumer Services, Healthcare, Realty and Chemicals sectors.

FII Selling in Key Sectors – FIIs sold off their holdings in the Metal & Mining, Construction, Oil & Gas, Power, Information Technology, and FMCG sectors in June.

Mutual Fund’s Investment Pace Slows Down -In this record-breaking market, the pace of mutual fund investments has slowed down in June compared to May. Despite the high market performance, Mutual Funds (MFs) invested ₹20,359 Cr in domestic equities in June.

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 has witnessed a remarkable surge. The Average Assets Under Management (AAUM) increased by an astounding 8.93% quarter-on-quarter, reaching a significant ₹58.96 Lakh Crs in the April-June 2024 quarter.

SBI Mutual Fund continues to solidify its leadership, proudly holding the top position for an impressive 18th consecutive quarter.

The mutual fund landscape demonstrates exceptional stability, with the top eight and top three firms retaining their ranks for an impressive 12 consecutive quarters. Additionally, the ranking of the top 10 Asset Management Companies (AMCs) remains unchanged, highlighting a period of steady dominance in the industry.

quant Mutual Fund, Bajaj Finserv Mutual Fund and JM Financial Mutual Fund have improved their overall rankings among mutual funds compared to previous quarters.

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

Many equity mutual fund schemes have demonstrated a significant inclination towards new investments in IPOs, including TBO Tek, Go Digit General Insurance, Aadhar Housing Finance, Indegene and Awfis Space Solutions. Additionally, they have shown a preference for fresh investments in well-established companies such as HDFC Bank, Kotak Mahindra Bank, Hero Motocorp, Titagarh Rail Systems, Cipla, Dabur and Power Finance Corporation.

Several equity schemes have strategically exited their holdings in companies such as Coforge, Bajaj Finance, DLF, Bharat Electronics, AIA Engineering, LTIMindtree, Canara Bank, GAIL, Wipro, Lupin, BHEL, and GMR Airports Infrastructure.

Overall, equity mutual fund schemes have been actively acquiring shares in prominent companies such as HDFC Bank, Kotak Mahindra Bank, Apollo Hospitals, Larsen & Toubro, Sun Pharma, Zomato, Cipla and Power Finance Corporation.

Among most traded stocks, there was selloff in Coforge, Cummins India, Bharat Electronics, Hindustan Aeronautics, State Bank of India, ICICI Bank, REC, Bajaj Finance and Tata Motors.

Among the top traded mid-cap stocks, several equity schemes preferred to sell Torrent Power, Prestige Estates Projects, Thermax, NHPC and Solar Industries India. Conversely, many schemes invested in stocks like Samvardhana Motherson International, Hero Motocorp and CG Power & Industrial Solutions.

Among the most actively traded small-cap stocks, various equity schemes directed their investments towards companies such as Crompton Greaves Consumer Electricals, Aditya Birla Fashion & Retail, BEML, Cyient, HUDCO, Global Health, Gujarat State Petronet, Apar Industries and Aptus Value Housing Finance. Concurrently, there was notable disinvestment from Carborundum Universal Ltd.

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