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.