Mutual funds touched a historical landmark when assets under management (AUM) rose more than Rs20 lakh crore in the month of August for the first time ever.
Retail investors which left Indian equity markets to post global financial crisis in 2008, are back on D-Street and this time it looks like they are in for long haul.
The amount of money which MFs are receiving is largely backed by retail investors as well as high net worth individuals (HNIs). Most of the MFs in the last one year has been able to beat benchmark index returns by a wide margin.
We have taken a stock portfolio of top 4 funds ranked as number 1 by Crisil in the largecap space. Most of the stocks where the big boys of the mutual fund industry are betting on are mostly bluechip stocks.
Equity funds that invest over 75 percent in CRISIL-defined Large Cap Stocks for a minimum of six out of nine months in each period over the past 3 years.
