Here is a curated list of important event
Please click on the link below for detailed information.
Here is a curated list of important event
Please click on the link below for detailed information.
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 most traded stocks, there was selloff in State Bank of India, Larsen & Toubro and HCL Technologies.
In addition to the earlier mentioned stocks, significant trading activity was observed in the mid-cap and small-cap segments. Among top traded midcap stocks, several equity schemes preferred to sell PB Fintech, Info Edge and Sundaram Finance, while many schemes invested into stocks like Max Healthcare, Aurobindo Pharma, Fortis Healthcare and Indus Towers.
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.
The preferred investment sectors for Equity Mutual Fund Schemes have included Telecom, Aviation, Capital Goods, Chemicals, Information Technology and Business Services.
Certain mutual fund schemes have divested their investments from sectors such as Construction Materials, Insurance, FMCG, Logistics, Alcohol and Capital Goods.
For a comprehensive understanding and more insights, please go through our detailed report.
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 an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for March, 2024.
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.
This significant growth not only underscores the industry's robustness but also marks a substantial 10% increase over the previous quarter's Average AUM of ₹49.22 Lakh Crores, highlighting a standout financial period that reaffirms the industry's stronghold and the growing trust of its investors.
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.
In the recent quarter, ICICI Prudential Mutual Fund emerged as the top gainer in terms of absolute growth in Average AUM, followed by SBI, HDFC and Nippon India Mutual Fund, showcasing the competitive dynamics of 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.
Over the year, WhiteOak Capital Mutual Fund, quant Mutual Fund, Samco Mutual Fund, Navi Mutual Fund and JM Financial Mutual Fund emerged as the top gainers in terms of yearly percentage growth in Average AUM.
In the March quarter, Zerodha Mutual Fund, Helios Mutual Fund, quant Mutual Fund, Samco Mutual Fund and Bajaj Finserv Mutual Fund demonstrated notable performance in terms of percentage growth in Average AUM, compared to the previous quarter.
For a comprehensive understanding and more insights, please go through our detailed report.
Here is a curated list of important event
Please click on the link below for detailed information.
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