Investors are moving towards equity mutual funds with inflows pouring continuously for 42 months and reaching ₹38,239 crores in August 2024. The inflows in July 2024 stand at ₹37,113 crores. Both the SIPs (Systematic Investment Plans) and the lump sum investments in NFOs (New Fund Offers) are the reasons for this smooth rise. In August 2024, SIP investments reached the month’s highest-ever level at ₹23,547 crores as compared to ₹23,332 crores in July month.
Overall, 16 equity funds were launched in August 2024. Thematic/ sectoral funds that invest in particular themes such as infrastructure, energy, and PSUs, or sectors such as pharma, FMCG, and banking are the main highlights in NFO launches. Some of the sectoral and thematic funds launched in August 2024 are the Bank of India Business Cycle Fund, Invesco India Manufacturing Fund, Motilal Oswal Manufacturing Fund, SBI Innovative Opportunities Fund, etc. have mobilized ₹18,117 crores.
Multi-cap funds and flexi-cap funds, two types of equity funds that invest in a blend of large, mid, or small-cap stocks, saw investments of ₹2,475 crores and ₹3,513 crores, respectively. Large-cap funds received ₹2,637 crores, mid-cap funds got ₹3,055 crores and small-cap funds got ₹3,209 crores in August 2024.
Well, the whole mutual funds industry saw a spike with average assets under management (AAUM) touching ₹66.04 lakh crores in August 2024, from ₹64.71 lakh crores in July 2024.
In this bullish mutual fund market, think about the funds that you can add to your portfolio.
References:
https://economictimes.indiatimes.com/mf/analysis/42-months-counting-india-puts-more-money-into-equity-funds/articleshow/113242942.cms?from=mdr
