AUM + Portfolio Moves Update for June

Indian Equity MFs AUM, at INR 2.14 tn, accounted for ~34% of total AUM. Aided by the rally in broader markets, equity AUM rose ~4% over the previous month. Sales in existing equity schemes stood at ~INR 40.3 bn in June against ~INR 54 bn in May. New fund offerings (NFOs) of equity schemes of ~INR 10.7 bn during the month.

Total AUM stands at INR 6.3 tn. It dipped by ~INR 1 13 tn over the previous month. Ratio of large-cap AUMs to mid-cap AUMs remained at 0.76. Fund flow into equity schemes during the month was negative.

Large-cap funds increased exposure to banking, IT, telecom, engineering, and auto, and reduced it in pharmaceuticals, oil & gas, FMCG, cement, and metals. Mid-cap funds increased exposure to FMCG, engineering, pharmaceuticals, oil & gas, auto,
cements, and reduced it in banking, IT, telecom and metals.

HDFC Top 200 Fund, the fund which we have been recommending since 2003 is the Largest Equity MF in India and is organically grown over years and its AUM now inching towards $ 1.9 Bn mark. Reliance Growht fund another fund with focus on Midcaps is the second largest fund with AUM of USD 1.7 Bn. HDFC Equity Fund is the third largest fund with a base of $ 1.6 Bn.