BFSI stocks were the top buyers of mutual funds in the month of January. At the same time, in February, he distanced himself from this sector. Rather, trust in Metal, Tech, Oil & Gas has increased.
Mutual Fund Strategy: The year 2022 is not going well for the stock market so far. This year both the Sensex and Nifty indices have weakened by about 3 percent. There has also been a decline in the broader market. Weak global signals are dominating the domestic market. Especially Russia and Ukraine crisis, high crude prices, inflation, tough stance of central banks and Omicron variant of COVID 19 at the beginning of the year. This year FII has continuously withdrawn money from the market. Although DII has also balanced it some. Looking at the data for the month of February, mutual funds have also changed their strategy in this turbulent market. Where BFSI stocks remained prominent in the top buying of mutual funds in the month of January. At the same time, in February, he distanced himself from this sector. Rather, trust in Metal, Tech, Oil & Gas has increased.
In which sector the weightage increased, in which it decreased
The sectors where mutual funds have gained the most weightage on a monthly basis include metals, healthcare, technology, NBFCs, oil & gas, consumer, retail and consumer durables. Whereas the weightage has decreased, among them are Automobiles, PSU Banks, Cement, Insurance, Capital Goods, Private Banks and Chemical Sectors.
After reaching a 12-month low in January, the weightage in the metal sector has increased to 2.6 per cent in February 2022. It has increased by 20bp on a monthly basis and 10bp on an annual basis. The weightage in the tech sector has increased to 12.5 per cent. It has increased by 20bp on a monthly basis and by 210bp on an annual basis. After increasing the weightage in Automobile for 5 consecutive months, it has been moderate in February. It declined to 20b on a monthly basis and 10b on a year-on-year basis to 6.4 percent.
Increase in value in these shares on a monthly basis
Infosys (+INR19.9b), Hindalco Industries (+INR18.9b), Reliance Industries (+INR15.6b), Tata Steel (+INR13.5b) have gained the most by mutual funds on a monthly basis. And Avenue Supermarts (+INR10.6b) is the top 5. Apart from these Chola. Invest. & Fin, HCL Tech, Cipla, Divis Labs and Titan are also included in the top 10.
The value of these shares decreased on a monthly basis
On the other hand, among the stocks in which the value has decreased the most on a monthly basis, 4 in the top 5 are banking stocks. These include ICICI Bank (-INR52.6b), SBI (-INR50.2b), HDFC Bank (-INR27b) and Axis Bank (-INR21.7b). Apart from these, the top 10 of this list include TCS, L&T, NTPC, Bharti Airtel, BPCL and SBI Life Ins.
AUM increased to 31 lakh crores
The asset under management of the mutual fund industry has grown by 1.2 per cent on a monthly basis to Rs 37.6 lakh crore in February 2022. Equity inflows have also been strong in the volatile market with Rs 25,400 crore. In February, an investment of 11440 crores was made through SIP, which is 52 percent more on an annual basis. Although 0.7 percent lower on a monthly basis. After increasing for 9 consecutive months on a monthly basis, the SIP has decreased in February.
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