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The domestic funds invested net Rs 32,823 crore in April 2024 taking the total investment in the current calendar year to Rs 1.2 lakh crore, which was about 68% of the total investment in the previous year.
Inflows into open-ended equity funds increased by 28 percent to ₹21,780.56 crore in January, marking the 35th consecutive month of positive inflows.
HDFC Bank's shares dropped 8.5% on Wednesday, causing concern for mutual fund investors. The stock constitutes 7.1% of equity MFs' assets under management (AUM) and is the largest holding in their portfolios. During December, mutual funds sold 2.54 crore shares of HDFC Bank, taking advantage of the Santa rally. Not only did AMCs reduce their weightage in HDFC Bank, but they also reduced exposure to the entire financials sector. Quarterly data shows mutual funds decreasing holdings in HDFC Bank in December quarter, while FII holdings increased slightly.
Greater focus on B30 cities, younger investors, and better investor communication and education are critical in tackling certain key perception problems that the mutual fund industry faces currently, say industry leaders.
Greater focus on B30 cities, younger investors, and better investor communication and education are critical in tackling certain key perception problems that the mutual fund industry faces currently, say industry leaders.