Also Read | Equity MF inflows rose 15% to Rs 41,000 crore in Dec, debt funds saw outflows of Rs 1.27 lakh crore
The new funds launched in the month included Aditya Birla Sun Life Conglomerate Fund, Axis Momentum Fund, Bajaj Finserv Healthcare Fund, Bank of India Consumption Fund, DSP Business Cycle Fund.
The other funds launched were ICICI Prudential Equity Minimum Variance Fund, Kotak Transportation & Logistics Fund, PGIM India Healthcare Fund, Quantum Ethical Fund, SBI Quant Fund, Shriram Multi Sector Rotation Fund, and Union Active Momentum Fund.
In the calendar year 2024, equity mutual funds saw total inflows of Rs 3.94 lakh crore, with sectoral and thematic funds leading the pack, receiving Rs 1.55 lakh crore.In December, inflows into equity mutual funds rose by 15% month-on-month, reaching Rs 41,155 crore. Among the 11 sub-categories in equity mutual funds, all categories experienced inflows during this period.Also Read | Mutual fund SIP inflows surpass Rs 26,000 crore for the first time
Mid-cap funds received Rs 5,093 crore, followed by flexi-cap funds, which saw inflows of Rs 4,730 crore. Small-cap funds received total inflows of Rs 4,667 crore in December, up from Rs 4,111 crore in November. Dividend yield funds, focused funds, and ELSS funds saw inflows of Rs 277 crore, Rs 455 crore, and Rs 187 crore, respectively.
The assets under management (AUM) declined 2% to Rs 66.66 lakh crore in December against Rs 67.81 lakh crore in November.
In December, 34 mutual fund NFOs were floated in the market which together collected Rs 13,852 crore. The 33 open-ended NFOs collected Rs 13,643 crore whereas one close-ended NFO collected Rs 209 crore.
“This could be a year where hybrid products gain prominence, as asset allocation becomes increasingly important. The debt side of hybrid funds, coupled with commodities like gold, could generate solid returns amid global volatility. While thematic funds work well in satellite portfolios, it’s crucial for investors to avoid overexposure to any one sector and instead seek diversified opportunities that align with long-term trends in India, such as consumption, banking, financials, and healthcare,” said Suranjana Borthakur, Head of Distribution & Strategic Alliances, Mirae Asset Investment Managers (India).
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