The equity mutual funds have witnessed net inflows of Rs.20, 245.26 crore in August 2023, according to the Association of Mutual Funds in India (AMFI) data. As per the AMFI data, it is noticed that within the equity mutual fund category, the small-cap category saw inflows of Rs 4,264.82 crore, sectoral/thematic funds saw inflows of Rs 4,805.81 crore and multi-cap category witnessed Rs 3,422.14 crore inflows.
India’s growing mutual funds (MF) assets show a preference for equity schemes over non-equity ones. West Bengal, for instance, has 53% of investments in equity schemes, 34% in debt & liquid schemes, and 10% in balanced funds. As of August 2023, investors in West Bengal have invested Rs.2,49,969.52 crore in mutual funds.
Tata Mutual Fund in West Bengal is showing a preference for equity mutual fund schemes, with 58% of AUM coming from equity schemes, 28% from debt & liquid schemes, and 14% from balanced schemes, according to August AMFI data.. According to Abhinav Sharma, Fund Manager, Tata Asset Management, “In our view, our portfolio is well balanced and is a good mix of quality companies (high and sustainable growth potential) and rerating candidates (cheaper valuation with upside triggers).”
