Equity Mutual Fund

Average AUM for industry rose to Rs 39.5 trn, compared to Rs 37. 8 trn in July

DII stake in BSE 500 companies up nearly 55% in seven years

Inflows in India's equity mutual funds dropped more than 16% in June compared with May and are likely to remain weak in the current quarter due to worries over interest rate hikes and inflation

The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks

Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date

Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore

All 11 categories of equity funds saw net inflows, with flexicap witnessing highest inflows of Rs 3,873.56 crore

However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore

Equity mutual funds attracted a little over Rs 8,666 crore in August, making it the sixth consecutive monthly net inflow, on staggering investment in flexi-cap category.

55% retail investors have a holding period of over 2 years, up from 48.7% a year ago

Between June and February, equity fund managers have yanked out Rs 1.24 trillion from domestic stocks amid consistent outflows

Frequent churn, timing the market eats into gains

All these counters witnessed aggressive buying for foreign portfolio investors

Telecom, utilities, and healthcare are other top weights for MFs

Advisors say client queries have spiked after Monday's 2,000-point crash; small investors hike SIP allocations amid the volatility

During April-June quarter, inflows in such schemes stood at Rs 17,500 crore.

Excluding new fund launches, monthly collection was 19% lower

Not a single scheme launched so far this year

With this, the total inflow in equities has reached over Rs 822 billion during the current financial year so far

Industry players attributed the fall in equity flows to a spike in market volatility