Top Stocks Mutual Funds Are Buying With Your Money

The data showed that by major stock additions mutual fund The houses were in IndusInd Bank, Reliance Industries (RIL) and Infosys, while they reduced their holdings in Axis Bank, Coal India, Bharti Airtel and HCL Tech.

Major changes in midcap stocks (centre) from 10 thousand crores 40k crore market cap) were Tata Chemicals, Zee Entertainment Enterprises (Zee), Gland Pharma and Delhivery, while the major cutbacks were NMDC, Voltas, Federal Bank and Indraprastha Gas.

On the other hand top smallcap stocks (below 10 thousand crore market cap) were RBL Bank, Electronics Mart and Karur Vysya Bank, and major reductions were RITES, Welspun Corp, Metropolis Health and Indiabulls Real Estate, added data on MF holdings by Edelweiss.

Meanwhile, investors are betting big on systematic investment schemes or SIPs to generate long-term wealth, with monthly inflows rising to an all-time high in the mutual fund industry. 13,040 crore in October.

Equity Mutual Fund Attract Rs 9,390 crore was infused in equity schemes last month, for the 20th consecutive month. Net inflows are being seen in equity schemes from March 2021 onwards. Earlier, these schemes had seen outflows for eight months from July 2020 to February 2021, leading to losses. 46,791 crore.

The inflows pushed the assets under management (AUM) of the industry 39.5 lakh crore at the end of October, from 38.4 lakh crore at the end of September. Mutual fund folios, which have touched an all-time high for the past two months, touched a new high of 13.91 crore in October.

NS said, “Markets continue to react to global factors and hike in domestic rates. However, mutual fund investors have shown resilience and continue to invest in SIPs with consistent contributions month on month. Overall equity AUM and folios has also increased.” Venkatesh is the Chief Executive Officer of the Association of Mutual Funds in India (AMFI).