Mutual Funds Shopping: Mutual funds have now slowed down the pace of adding new shares to their portfolio. This year in 2024, they have increased the stocks by only 6 percent and it has increased from 1015 stocks in December 2023 to 1082 stocks in November 2024, i.e. 67 new stocks have been added. Earlier in December 2022, he held stocks of 881 companies. The special thing is that most of the stocks which have increased have come through IPOs listed in the last two years. So far this year 2024, out of 1,082 stocks included in the portfolio of mutual funds, about 272 have given negative returns, while 100 stocks have given returns of less than 10 percent and the remaining stocks have given returns ranging from 10 percent to 400 percent.
Investments in equity schemes exceed withdrawals for 45 consecutive months
In the last few years, there has been continuous investment in equity schemes of mutual funds. Inflows into open-ended equity funds have remained higher than outflows for the last 45 months. Talking about this year, a total investment of Rs 3.53 lakh crore has been made since January, which is much more than Rs 1.61 lakh crore in 2023 and 2022. Prashant Tapse, Senior Vice President and Research Analyst, Mehta Equities, says that mutual funds are also betting on new age companies. New age companies mean renewable energy companies like NTPC Green Energy, Vari Energies and internet based business companies like Paytm, Swiggy etc.
Mutual Funds bet only on 20% listed companies
There are more than 4200 companies listed on the Bombay Stock Exchange (BSE), out of which mutual funds invest only about 20 percent in stocks. Between January 2018 and December 2021, mutual funds invested money in just over 800 stocks. Whereas between June 2016 and December 2017, this figure remained between 700-800. There are 44 mutual funds in India that invest in equities. He has a total Assets Under Management (AUM) of Rs 43 lakh crore, half of which is invested in only 27 stocks. In this also, the maximum amount of Rs 2.73 lakh crore has been invested in HDFC Bank. After this, Rs 2.22 lakh crore has been invested in ICICI Bank and Rs 1.51 lakh crore in Reliance Industries. Mutual funds have also made big stakes in Infosys, Bharti Airtel and L&T.
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