In February, mutual funds added shares of Indigo, PayTM, and a few more

Due to consistent monthly inflows, mutual funds have purchased stocks, notwithstanding the fluctuations in February.

The Adani Group crisis, which affected market mood and led to a sell-off, caused the Sensex to decline 1% in February. Nonetheless, with a total infusion of Rs. 15,686 cr in February, mutual fund inflows into equity-oriented funds reached a nine-month high.

Fund companies invested in large-cap stocks, including GAIL, Indigo, Tata Motors, and Dabur India. As per ICICI Direct Research, they simultaneously sold Adani equities comprising Adani Ports and SEZ, Adani Enterprises, Adani Total Gas, and Ambuja Cements.

Thematic and small-cap funds saw significant inflows of $3,856 crore and $2,246 crore, respectively. Over the past three quarters, mutual funds’ interest in mid-cap and small-cap stocks has increased.

Data shows systematic investment plans (SIP) inflows were likewise stable, albeit slightly declining to 13,686 crores in February from 13,856 crores in January 2023.

Mutual Funds Going Small

Mutual funds have started investing in mid-cap and small-cap stocks in recent times. Mid-caps and small caps have seen increased interest over the past three quarters; small-cap funds received net inflows of 15,172 crores, while mid-cap funds witnessed inflows of 14,632 crores.

In the past three quarters, less than half as much as mid-cap and small-cap funds reached large-cap funds at 6,392 crores.

Biocon, Coforge, Biocon, and Dr Lal Pathlabs are some of the significant mid-cap stocks mutual funds purchased in February while selling Vodafone Idea, IDFC First Bank, and Canara Bank.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

UPI Outage Hits India: List Major Affected Apps, Millions...

As the sun set on what seemed like an ordinary Wednesday, reports of failed UPI transactions began...
Paytm Payment Bank Announces Major Shift to Direct Transaction Processing

Paytm Payment Bank Announces Major Shift to Direct Transaction...

In a move that signals a significant shift in India’s digital payments landscape, Paytm Payment Bank has...
Why 2025 Could Be a Landmark Year for Startup IPOs

Why 2025 Could Be a Landmark Year for Startup...

While 2021 saw a flurry of high-profile IPOs like Zomato, Paytm, and Nykaa, the last couple of...

Most Active Airlines (daily flights) around the World in...

In the world of the airline industry, connectivity and accessibility reign supreme. Some airlines take these principles...
UPI Sees 6.6% Dip in November but Maintains Strong Year-on-Year Growth

UPI Sees 6.6% Dip in November but Maintains Strong...

The Unified Payments Interface (UPI) continues to be a cornerstone of digital payments in India, processing an...

LATEST NEWS

OnePlus 13T Sets New AnTuTu Record with Over 3 Million Score

The OnePlus 13T is just weeks away from its official launch, but it has already made an impressive appearance on AnTuTu. Well, according to...

ISL 2024-25: Javi Hernandez’s Late Heroics Hand Jamshedpur FC Crucial First-Leg Edge Over Mohun Bagan Super Giant

Jamshedpur FC took a significant step towards the Indian Super League (ISL) 2024-25 final with a dramatic 2-1 victory over Mohun Bagan Super Giant...

Smart Samsung Cooling: Goodbye Sleepless Summers with Style!

Imagine a world where your air conditioner and fan work in perfect harmony, creating the ideal sleeping environment without you lifting a finger. Samsung...

IPL 2025: Venkatesh, Arora Star as KKR Hand SRH Their Biggest-Ever Loss

Kolkata Knight Riders (KKR) rediscovered their explosive batting form in Mumbai, while Sunrisers Hyderabad (SRH) continued their struggles, suffering a third consecutive defeat despite...

Featured