Equity Funds Witnessed A 28% Surge In Inflows: Mfs' AUM Reached Rs52.74 Tn

In Jan 2024, FII posted the highest outflows since Feb '23 at USD 3.1 billion. This was offset by USD 3.4 billion of DII investment

FinTech BizNews Service   

Mumbai, February 26, 2024: Prabhudas Lilladher has published its latest Monthly Update - Vintage Wealth Products Report, giving a robust overview of performances across wealth building products available in the Indian Market, in addition to the broader equity, debt and mutual fund markets. The detailed report has been attached to this mail. Here are the key highlights from the same - 

Equity Markets Synopsis :-

• · In January 2024, Indian benchmark equity indices snapped a two-month gaining streak.
• · The mid-cap. and small-cap. indices continued their winning streak and were up 5% and 7% respectively.
• · In Jan 2024, FII posted the highest outflows since Feb ’23 at USD 3.1 billion. This was offset by USD 3.4 billion of DII investment.

Debt Markets :-

• · The yield on the 10-year benchmark fell to 7.14% on January 31, 2024 as against 7.18% in December 2023.
• · Consumer Price Index (CPI) increased slightly to 5.7% in Dec’23 as against 5.6% in November’23.
• · Wholesale inflation (WPI) reached a nine-month peak of 0.73% in Dec 2023.This marks the second conservative month of positive inflation following 0.26% in Nov’23.
• · The core-core inflation (i.e. core inflation ex petrol and diesel) eased to 3.9% in Dec 2023 from 4.2% (YoY) in November.
• · Industrial production growth (IIP) dropped to 2.4% (YoY) in November versus 11.7% (YoY) in October as a result of shift in the festive season

Mutual Funds:-

• · Equity funds witnessed a 28% surge in inflows, reaching Rs 21,780 crore in January. This marks the 35th consecutive month of positive inflows into equity funds, starting from March 2021.
• · Debt mutual funds experienced a notable turnaround with an inflow of Rs 76,469 crore in January 2024, marking a significant shift from Rs 75,560 crore outflow witnessed in December 2023.
• · The SIP contribution reached a new record high of Rs18,838 crore in January 2024, compared to Rs17,610 crore in December’2023.
• · Mutual funds' asset under management (AUM) reached Rs 52.74 lakh crore ( Trillion Tn) in January 2024 as compared to Rs 50.78 lakh crore in December 2023

The report also entails strategic overviews including holdings and returns of top Portfolio Management Services and Alternative Investment Funds in the country, along with their key leaders and insights -

• 1. PMS Funds Included:
• 2. Prabhudas Lilladher - AQUA PMS
• 3. Abakkus - All Cap Approach PMS
• 4. Abakkus - Emerging Opportunities PMS
• 5. ICICI Pru - PIPE Portfolio PMS
• 6. Ambit - Good & Clean PMS
• 7. White Oak - India Pioneers Equity Portfolio
• 8. Ambit - Emerging Giants PMS
• 9. Ambit - Coffee Can PMS
• 10. Prabhudas Lilladher - Multi Asset Dynamic Portfolio
• 11. ASK - Indian Entrepreneur Portfolio
• 12. 360 One - Multicap PMS