Listen to this article
A report on AMFI data compiled by Franklin Templeton Mutual Fund shows that small cap funds, sectoral/thematic funds and mid cap funds received highest net inflows over the last one year.
With net inflows of Rs.42,700 crore, small cap funds received the highest net inflows in the last 12 months. Slightly behind was the sectoral/thematic funds, which saw net inflows of Rs. 42,100 crore.
Mid cap funds were the distant third with net inflows of Rs. 23,300 crore. Other categories with a healthy net sales were multi cap funds large & mid cap funds.
Meanwhile, large cap funds saw negative net sales of Rs. 1,800 crore due to large redemption. Experts believe that many investors booked profits from large cap funds to invest in mid and small cap funds during the last year.
Focused funds also reported net outflows of close to Rs.4000 crore largely due to underperformance. AMFI data reveals that majority of funds in the focused funds category underperformed their respective benchmarks.
In terms of AUM, flexi cap funds were still the largest equity fund category with assets of Rs.3.44 lakh crore. Large cap funds and sectoral/thematic funds followed flexi cap funds with AUM of Rs.3.06 lakh crore and Rs.2.96 lakh crore.
Let us look at this interesting table to know more.
|
Rs. crore |
|||
|
Open Ended Schemes |
AUM (as of Feb’24) |
Last 12 Months Gross Sales |
Last 12 Months Net Sales |
|
Small Cap Fund |
2,49,071 |
75,381 |
42,713 |
|
Sectoral/Thematic Fund |
2,87,899 |
94,328 |
42,149 |
|
Mid Cap Fund |
2,95,683 |
58,326 |
23,338 |
|
Multi Cap Fund |
1,22,258 |
37,363 |
21,848 |
|
Large & Mid Cap Fund |
2,00,833 |
45,614 |
20,819 |
|
Value Fund/Contra Fund |
1,47,098 |
28,611 |
14,160 |
|
Flexi Cap Fund |
3,44,170 |
60,657 |
13,871 |
|
Dividend Yield Fund |
23,618 |
9,464 |
6,864 |
|
ELSS |
2,09,354 |
24,037 |
1,937 |
|
Large Cap Fund |
3,05,941 |
45,350 |
-1,830 |
|
Focused Fund |
1,26,471 |
21,891 |
-3,876 |
|
Total |
23,12,396 |
5,01,023 |
1,81,992 |
