In the midst of this market volatility, mutual funds have also made changes in their strategy. He increased investment in some stocks and kept distance from some. BFSI stocks were the mainstays in their top buying in January.
In the year 2021, Nifty achieved strong growth of 24 percent on a yearly basis, but the new year is not going well for the market. This year started in a cautious mode and the pressure is still there. Volatility dominated the market in both January and February. The domestic market was also affected due to weak global cues. FII has continuously withdrawn money from the market. In the midst of this market volatility, mutual funds have also made changes in their strategy. He increased Nivea in some stocks and kept distance from some. If we see the trend in the month of January, then BFSI stock remained prominent in the top buying of mutual funds. There itself
In which sector the weightage increased, in which it decreased
Sectors where mutual funds have gained the most weightage on a monthly basis include private, PSU banks, NBFCs, automobiles, utilities, oil and gas and telecom sectors. Whereas the weightage has decreased include technology, healthcare, consumer, cement, metal and consumer durables. The weightage of the private bank has increased by 100bp on a monthly basis in January and has reached 17.5 per cent since reaching the low of 15 months in December 2021.
The weightage of PSU Bank has increased by 50bp on a monthly basis and has reached a 23-month high of 3.6 per cent. At the same time, the weightage of the technology sector came down by 120bp to 12.3 percent on a monthly basis.
Increase in value in these shares on a monthly basis
Out of the 10 stocks that have gained the most by mutual funds on a monthly basis, 6 are from the BFSI sector. These include ICICI Bank (+INR86.1b), SBI (+INR85.5b), Axis Bank (+INR62.5b), HDFC Bank (+INR38.4b), Chola Invest & Fin (+INR18.9b), and Federal Bank. (+INR13.6b) included. Apart from this, NTPC, Bharti Airtel, Maruti Suzuki and Reliance Inds are also included in this list.
Increase in value in these shares on a monthly basis
On the other hand, the stocks that lost the most on a monthly basis are Infosys(-INR72.5b), HCL Tech (-INR36.5b), Avenue Supermarts (-INR19.1b), Zomato (-INR17.9b), and Motherson. Sumi (-INR17.9b) is included. Apart from this, Wipro, Divis Labs, Tech Mahindra, Mindtree and PI Industries are also included in the list.
AUM increased to 31 lakh crores
The asset under management of the mutual fund industry has grown by 0.8 per cent on a monthly basis to Rs 38 lakh crore in January 2022. The AUM in Income, Equities, Balanced Fund and Other ETFs Fund is 17900 Cr, 7400 Cr, 7400 Cr and 6100 Cr. However, the AUM in Liquid and FOF Overseas Fund has decreased by 8300 crores and 2000 crores on monthly basis.
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