Mutual Funds outflows, redemptions, SIP inflows, equity AUM to allocation | Know key insights for Dec 2020
Spark Private Wealth highlights that in the last month, net outflows from equity mutual funds funds decreased by Rs 2770 Cr to Rs 10147 Cr from Rs 12917 Cr in Nov. The largest redemptions were witnessed in large cap and multi cap funds followed by value funds. 2. SIPs increased by 15% to Rs 8418 Cr. On an average, the top 15 fund houses witnessed an increase in equity AUM of 5.2% while the NIFTY 50 benchmark rose by 6.6%. 3. AUM across all equity funds increased by 5.7% to Rs 906767 Cr because of a rise across all broad equity indices.
Largest additions in fund portfolios include IRCTC, Axis Bank, APL Apollo Tubes, Cipla and HCL Tech. Largest exits from fund portfolios include HDFC Bank, NTPC, Kotak Mahindra, Bajaj Finance and Divis Labs: Reuters