Page 7 - Equity Mutual Funds
Equity fund managers shuffle top picks in first half of 2017
India's equity fund managers, amid gush of robust inflows from domestic investors, have been shuffling some of their top picks in their portfolios during the first half of this year. With stock indices on their way to historic highs, fund managers positioned themselves to make the most of the rise in markets.Stocks of Reliance Industries and Axis Bank, which were among the top ten most owned stocks by equity fund managers at the beginning of 2017, could not find place in top 10 list. These were replaced by Kotak Mahindra Bank and HDFC Ltd.Further, fund managers continued to stick with most of their top ten stock picks, but there was a change in the pecking order of ownership.For instance, fund managers started 2017 with HDFC Bank, ICICI Bank, Infosys, State Bank of India (SBI) and Larsen & Toubro (L&T) as their top five most owned stocks. However, by mid of 2017 in June, they changed the pecking order with Infosys being relegated to fifth slot from third while SBI and L&T .
 "Equity fund managers shuffle top picks in first half of 2017")
Equity mutual funds inflows hit nearly 2-year high of Rs 10,790 cr in May
This was highest net inflow since June 2015, when equity MFs racked up an inflow of Rs 12,273 cr
 "Equity mutual funds inflows hit nearly 2-year high of Rs 10,790 cr in May")
Investors pour Rs 10,739 cr into equity MFs
Indian equity markets have seen unprecedented literacy and continuous inflows: Motilal Oswal
 "Investors pour Rs 10,739 cr into equity MFs")
More debt will cool down your portfolio
When equities are making money, it is a tough call to book profits
 "More debt will cool down your portfolio")
Equity MF flows dip to 4-month low in January
Tax-saving equity-linked savings schemes saw month-on-month rise in inflows at Rs 1,166 crore
 "Equity MF flows dip to 4-month low in January")
Higher redemption hits inflow in equity MFs
According to the Association of Mutual Funds in India, about 60% of all equity assets stay invested for less than two years
 "Higher redemption hits inflow in equity MFs")
MFs enjoy August, soak up record Rs 21,000 crore
Net inflows, after factoring in the redemptions, touch 12-month high of Rs 6,500 cr
 "MFs enjoy August, soak up record Rs 21,000 crore")
Equity MFs take liking to state-owned banks
After long hiatus, fund managers pumped money into SBI, PNB and Union Bank last month
 "Equity MFs take liking to state-owned banks")
Record inflow for equity mutual funds in FY16
Equity schemes see highest-ever net inflows of Rs 74,000 cr last fiscal despite 10% fall in market
MF equity schemes recoup losses
Market rebounds after earlier seesaw but fund managers think pain will remain for a quarter or two
 "MF equity schemes recoup losses")