The top performing MF scheme in terms of trailing return was the HSBC Brazil Fund which rose by 10.5 percent in August. The returns were calculated on a trailing basis across all rated funds. The other top funds like Aditya Birla Sun Life Commodity Equities Fund, Nippon India Power & Infra Fund, IDBI Small Cap Fund, UTI Nifty200 Momentum 30 Index, and Invesco India PSU Equity Fund rose between 8-10 percent in August.
Key themes which did well were PSU banks, infra, capital goods, small-caps and momentum stocks. August returns for the Nifty 50 Index stood at 3.5%, while the Nifty Midcap 100 index gained 6.2 percent.
For the month of August, mutual fund houses held 56 percent of total exposure in large caps, mid-caps had 22%, small caps at 15 percent and the remaining 7 percent in debt and other instruments at the end of August, as per a report generated by ICRA analytics.
Recent key mutual fund trends include. Equity-oriented schemes derive 88% of their assets from individual investors (Retail + HNI) and institutional investors dominate liquid and money market schemes. Karnataka has displaced Gujarat as 3RD highest state with the highest AAUM for the month of July as per AMFI data. Mutual funds have also flocked to the silver ETF space with new schemes, collecting Rs 1,400-cr in assets.
The SIP (systematic investment plan) has remained above the Rs 12k crore mark for the third straight month in July. The SIP amount remains at record levels, falling just a minor Rs 146 crore from the month of May. The equity segment saw inflows for the seventeenth consecutive month.
All equity fund categories saw an inflow in July. Equity flows stood at Rs 8,898 crore-the lowest inflow since October 2021. Both midcaps and large-cap categories saw a decrease in flows, however, for the small-cap funds the fund flow increased as compared to June.
