Midcap, Smallcap Stocks Major Mutual Funds Bet On in March

Inflows (formerly new fund offerings or NFOs) in equity funds continued to grow and reached a record level at 20,300 crores in March 2022 compared to 17,800 crore in Feb 2022. Systematic Investment Plan (SIP) fund inflows continue to rise and have been strong at 12,300 crore in March.

Net inflows have been higher over the past four months at lower market levels. Over the past few years, each sharp market decline has led to increased inflows indicating the maturity of retail investors, brokerage ICICI Securities pointed out in a note on mutual fund (MF) activity for the month. previous.

According to the brokerage report, GMR Infrastructure Ltd, Coforge, Biocon, Sundaram Finance, Star Health and Allied Insurance Company, GR Infraprojects, Bandhan Bank, Indian Hotels Company, Laurus Labs, Max Healthcare Institute are the top ten mid cap stocks that the asset management companies (AMC) purchased in March.

Under small caps, fund companies bought stocks such as Gulshan Polyols, HEG, Stove Kraft, TV18 Broadcast, Supreme Petrochem, Intellect Design Arena, Avanti Feeds, Dodla Dairy, Garware Technical Fibers and Granules India during the month under review.

All equity-based plans received net inflows in March 2022, with the multi-cap fund category being the main beneficiary with net inflows of 9,695 crore, followed by large and mid cap funds and large cap funds.

Overall, the mutual fund industry experienced a net outflow of 69,883 crore in March, compared to a net infusion of 31,533 crores in the previous month. Capital outflows caused the industry’s average assets under management (AUM) to fall to 37.7 lakh crore end of March, from 38.56 lakh crore at the end of February.

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