By investing in this fund, investors can potentially benefit from the outperformance of high-alpha stocks within the Nifty 200 index.
In the Nifty Midcap 100 space, mutual funds were net buyers in 59 per cent of the stocks
The withholding tax rate on mutual fund income for resident individuals has been set at 10%
In June, MFs showed interests in Technology, Telecom, Private Banks, Autos, Consumer Durables, Chemicals, and Insurance, leading to a MoM rise in their weights
The launch of 17 new open-ended mutual funds in June 2024 played a pivotal role in driving inflows.
Mutual funds (MFs) showed strong confidence in Indian equities this year, injecting around Rs 1.3 lakh crore, driven mainly by significant retail investor interest and the robust performance of the stock market. Mutual funds, which manage long-term wealth for domestic investors, prioritise the Indian market's underlying growth potential and are less rattled by short-term events like elections, which allows them to keep investing in equities, Tradejini COO Trivesh D said. Additionally, the growing interest in systematic investment plans (SIPs) on the back of astonishing compounding stories by influencers and industry veterans has perked investors, who otherwise wish to stay away from the markets, to start participating through these mutual funds, he added. According to the data from the Securities and Exchange Board of India (Sebi), MFs invested Rs 26,038 crore in the first fortnight of the ongoing month and Rs 20,155 crore in April. Moreover, the highest MF buying for 2024 was ...
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