Investors’ appetite for equity mutual funds continued to grow throughout this financial year. And October was no different with the influx of performances 9,390.35 crore in equity-oriented schemes in the month, beating other mutual fund schemes. Contribution to Systematic Investment Plan (SIP) reached an all-time high and exceeded 13,000 crore in October. The mutual fund showed interest in nine new stocks during the month, of which three were new IPOs.
As per AMFI data, equity-oriented schemes saw inflows 9,390.35 crore in October 2022, though less than the previous month’s level where the inflow was approx. 14,099.73 crore. subject fund, mid Cap, and saw huge inflows into smallcap funds. Notably, equity continues to be the top choice of mutual funds.
On the other hand, there was a slowdown in outflows under debt-oriented schemes. 2,817.79 crore in October—compared to a huge outflow 65,372.40 crore in September. In the latest month, heavy buying in liquid funds reduced outflows in overall debt-oriented schemes.
In addition, the contribution to SIP increased in October 13,041 crore as compared to 12,976 crore in the last month. SIP inflows remain up 12,000 crores from May to September this year.
According to IDFC Capital Research Note, NMDC Steel, Electronics Mart India, global healthAarti Pharmalabs, Traxon Technologies, Punjab Alkalies & Chemicals, DCX Systems, JTL Infra and Spandana Sphoorti Financial — these are the nine new stocks added by the company. mutual funds In October 2022.
The research note highlighted that the market value of NMDC Steel was 307.44 crore, at Electronics Mart 226.63 crore, on global health 160.62 Cr, Aarti Pharmalabs 138.85 crore on Traxon Technologies 122.88 crores, at DCX Systems 75 Cr, Punjab Alkalies at 38.01 Cr, at JTL Infra 12.36 crores, and Spandana Phurti 7.35 crores.
Tracxn Technologies was listed on the exchanges on 20 October, while DCX Systems debuted on 11 November. Notably, Global Health is all set to list on exchanges following its initial public offering on 16 November.
Among the shares sold by mutual funds in October 2022, the market capitalization of Muthoot Capital Services was 11.32 crores, and at the market value of Meghmoney Finechem 0.05 crore as per the data.
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Further, as per Prime Database, in terms of mutual funds— SBI MF led with a market share of 20.56%, with the value of its holdings 4.57 lakh crore by October 31, 2022. ICICI Prudential MF and HDFC MF had a market share of 10.73% and 9.51% at the end of the month of October. Nippon India MF and UTI MF were among the top 5 mutual funds with a market share of 7.42% each.
Gopal Kavalireddy, head of research at FYERS, said, “During the current earnings season, operating and net profit margins of most companies were at the lower end, due to low volume growth, high-cost inventories and weak demand. This could result in Earnings were down by analysts across several sectors. Based on the second quarter results announced till date, the banking and financial sector is seen as a bright spot, with almost all public and private sector banks showing excellent growth. Huh.”
Kavalireddy said, “While volatility in the markets continues as the benchmark indices are currently placed at a narrow margin from their lifetime highs, investors have reposed faith in the Indian stock markets and are investing in direct equity as well as systematic investments.” Investment schemes of Mutual Funds. After 5 consecutive months above the Rs 12,000 crore mark, SIP inflows hit an all-time high of Rs 13,040 crore.
As of October 31, 2022, the net assets under management (AUM) was around 39,50,323.28 crores.
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