Top Equity Mutual Funds have Over Rs.500 Crore Inflows in January
A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. An equity fund is a mutual fund scheme that invests primarily in equity stocks. In India, under current SEBI Mutual Fund Regulations, an equity mutual fund scheme must invest at least 65% of its assets in equities and equity-related instruments.
The choice of investors for investment in equity stocks or equity mutual funds rose to a new high in the last month.
Around 9 equity mutual funds have received over Rs.500 crore in inflows in January alone. And out of 601 funds in January, only 86 funds received inflows.
Here are the top 9 equity mutual funds that witnessed a boost in their inflows.
Parag Parikh Flexi Cap Fund
Managed by Parag Parikh Mutual Fund, this fund aims to increase long-term capital appreciation by investing in a mix of equity and equity-related securities.
The Parag Parikh Flexi Cap Fund received an inflow of Rs.2,164 crore on a monthly basis, which increased its AUM to Rs.89,703 crore in January from Rs.87,539 crore in December.
Kotak Equity Arbitrage Fund
The Kotak Equity Arbitrage Fund is a mutual fund that aims to generate income through arbitrage strategies, which involve buying and selling assets in different markets to earn profit arising from price differences.
This fund witnessed an inflow of Rs.2,653 crore on a monthly basis, taking the AUM (Asset Under Management) to Rs.57, 567 crore in January from Rs. 54,913 crore in December.
SBI Arbitrage Opportunities Fund
The SBI Arbitrage Opportunities Fund is a mutual fund managed by SBI Mutual Fund that aims to generate risk-free returns by exploiting price differences between assets in different markets.
It saw an inflow of Rs.1,028 crore on a monthly basis, which took its AUM to Rs. 32,168 crore in January from Rs.31,140 crore in December.
3 Funds included from ICICI Prudential Mutual Fund
ICICI Pru Equity-Arbitrage Fund, ICICI Pru Large and Mid Cap Fund and ICICI Pru Equity Minimum Variance Fund received an inflow of Rs.955 crore, Rs 944 crore, and Rs 921 crore, respectively.
HDFC Arbitrage
This fund is managed by HDFC Asset Management Company. It aims at generating wealth by using an arbitrage strategy.
It saw an inflow of Rs.786 crore on a monthly basis, which brought its AUM to Rs. 17,654 crore in January from Rs 16,867 crore in December.
Edelweiss Arbitrage Fund
The Edelweiss Arbitrage Fund is managed by Edelweiss Asset Management. It primarily invests in arbitrage opportunities in the equity market.
This fund received an inflow of Rs.769 crore on a monthly basis, which brought its AUM to Rs. 12,905 crore in January from Rs.12,135 crore in December.
ICICI Pru Infrastructure Fund
This mutual fund scheme is offered by ICICI Prudential Asset Management Company. It aims to generate wealth by investing in companies involved in the infrastructure sector.
It received an inflow of Rs.524 crore on a monthly basis, which increased its AUM to Rs. 7,434 crore in January from Rs.6,910 crore in December.
