India MF Tracker - Equity Inflows Accelerate Amid Volatilities In May, Supported By Higher NFOs: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.The Nifty, after scaling a new high of 23,111 in May 2024, ended its three-month winning streak. The index oscillated 1,290 points before closing 74 points (or 0.3%) lower month-on-month at 22,531. Domestic institutional investors recorded the tenth consecutive month of inflows in May-24 at $6.7 billion, while FIIs reported outflows of $3 billion. Equity AUM for domestic MFs (including ELSS and index funds) increased 2.7% MoM to Rs 27.7 trillion in May-24 despite a weak market sentiment (with Nifty marginally declining 0.3% MoM). This rise in equity AUM was due to higher NFOs launched by mutual fund houses versus the previous month, which led to an increase in equity scheme sales (up 20.4% MoM to Rs 788 billion). At the same time, redemptions decreased 1% MoM to Rs 396 billion. Consequently, net inflows rose significantly to Rs 392 billion in May-24 from Rs 254 billion in Apr-24. Total AUM of the MF industry rose 2.9% MoM to Rs 58.9 trillion in May-24, driven by a MoM increase in AUM for equities (Rs 721 billion), liquid (Rs 382 billion), other ETFs (Rs 153 billion), income (Rs 150 billion), and arbitrage (Rs 144 billion) funds. Investors continued to park their money in mutual funds, with inflows and contributions in systematic investment plans reaching a new peak of Rs 209 billion in May-24 (up 2.6% MoM and 41.7% YoY)..Click on the attachment to read the full report:.India's May CPI Inflation At 12-Month Low Of 4.7%: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India MF Tracker - Equity Inflows Accelerate Amid Volatilities In May, Supported By Higher NFOs: Motilal Oswal

Capital goods and automobiles gain, while technology continues to slip

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India MF Tracker - Equity Inflows Accelerate Amid Volatilities In May, Supported By Higher NFOs: Motilal Oswal

Capital goods and automobiles gain, while technology continues to slip

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