Reflecting the shift in investor preference, five out of the top ten stocks with the highest value increase in April belonged to the Banking sector.
Growth momentum remains strong despite KYC hurdle
The surge in indices came on the back of a robust economy, optimistic forecasts from global brokerages and rating firms on economic growth outlook, and favourable investor sentiment
In March 2024, MFs showed an interest in Capital Goods, Consumer, Private Banks, Automobiles, Healthcare, NBFCs, Retail, Metals, and Telecom, leading to a monthly rise in their weights.
Companies that do not fall in either of 'growth' and 'quality' bracket have delivered median return of 65 per cent.
Sebi requires those running mutual funds to invest money in their own funds as part of having 'skin-in-the-game', or aligning their interests with investors
Benchmark indices see worst weekly slump in five months
The top 10 stocks that saw the maximum MoM increase in value were Reliance Industries, Bharti Airtel, Infosys, Sun Pharma, ONGC, HCL Tech, Coal India, Power Grid Corp., Maruti Suzuki, and PFC.
The India-focused offshore fund and ETF category registered a gain of 10.75% during the quarter, whereas the MSCI India USD Index delivered a return of 11.98%.
Currently with 149 schemes, the sectoral/thematic category has the highest number, followed by 42 schemes in the ELSS category and 38 schemes in the flexi-cap category
There were 13 companies in which the trinity of promoters, FIIs and DIIs all increased their stake during the quarter
Direct plan distributors added 12.4 million SIP accounts in 2023, 39% more than in 2022
"The category which saw the highest uptick in its flows in percentage terms was the value/contra category which received net flows of Rs 1,251.8 crore in November 2023, up from Rs 415.06 crore in Oct
In contrast, the largecap category has witnessed net outflows of Rs 2,894 crore in this period
Mutual funds' average holding in Smallcap 250 Index companies peaks at 9.26%
According to data from the AMFI, as of December 6, 2023, the average one-year returns for 23 small-cap funds stood at 32.68 per cent
Arbitrage funds are gaining popularity presumably as investors turned to Arbitrage funds as a more tax-efficient substitute to Liquid funds.
Inflows in equity mutual funds surged 42 per cent month-on-month to Rs 19,957 crore in October driven by investors' preference for small-cap funds. This was way higher than Rs 14,091 crore inflow seen in the category in September. Before this, inflow was at Rs 20,245 crore in August, according to the data from the Association of Mutual Funds in India (AMFI) released on Thursday. The flow in October also marks the 32nd consecutive month of net inflows. All the categories experienced inflow in equity segments. The category was aided by fund collection to the tune of Rs 4,495 crore in small-cap funds, followed by Rs 3,896 crore in thematic funds. Apart from equities, debt-oriented schemes witnessed a net inflow of Rs 42,634 crore in October after withdrawing funds in the past two months. The segment had witnessed a net outflow of Rs 1.01 lakh crore in September and Rs 25,873 crore in August. Overall, the 44-player mutual fund industry has witnessed an inflow of Rs 80,528 crore in the
examine its performance history, including one-year, three-year, and five-year performance, to gauge its consistency compared to the benchmark.