The numbers of new SIPs registered in June 2021 jumped to 21.29 lakhs, while SIPs discontinued, or tenure completed stood at 7.62 lakhs
Low duration funds, overnight funds and liquid funds witnessed healthy net inflows in June
The unique investor participation in the mutual fund industry stood at 2.39 crore holding around 10.25 crore folios across 1,554 mutual fund schemes
NMDC, Apollo Hospitals, Cholamandalam Investment, SAIL, Bank of Baroda, Honeywell Automation & Adani Total Gas have entered the largecap category
SEBI also appointed a committee to look into a liquidity and stress testing framework for debt mutual funds
The steps taken by Sebi have certainly made mutual fund investments more transparent and less risky
Adani Gas, Apollo Hospitals, Cholamandalam, NMDC, Honeywell Automation, Bank of Baroda & Godrej Properties are likely to be reclassified as large-caps
In the month of May mutual funds increased weightage on PSU Banks, Oil & Gas, Automobiles, Capital Goods, Insurance, and Private Banks.
Equity AUM of domestic MFs increased 7.7% MoM to Rs 11.1 lakh crore in May 2021.
Despite the drop in inflow, AUM of gold ETFs rose by over 6% to Rs 16,625 crore at May-end, against Rs 15,629 crore at April-end