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Open ended equity mutual funds witnessed inflows of Rs. 16,997 crores in January 2024. The net Asset Under Management (AUM) of the overall Mutual Fund industry stood at Rs 50.48 Lakh crore.
SIP inflows jumped 36% on Y-o-Y basis to Rs 18,838 crore in January 2024 compared to inflows of Rs 13,856 crore in January 2023.
RBI’s MPC maintained the status quo on the repo rate and kept it unchanged at 6.5%. The committee projected the real GDP growth forecast at 7% and Inflation forecast at 4.5%.
Shares of BLS E-Services got listed at a premium of 129% over issue price of Rs 135 while IPO of Apeejay Surrendra Park got oversubscribed by 62.91 times.
Nippon AMC, SBI AMC, Bajaj AMC, BOI AMC, HSBC AMC, Axis AMC, HDFC AMC and Groww AMC have launched the NFOs for Nippon India Nifty Bank Index Fund, Nippon India Nifty IT Index Fund, SBI Energy Opportunities Growth Fund, Bajaj Finserv Large & Mid Cap Growth Fund, BOI Multi Asset Allocation Growth Fund, HSBC Multi Asset Allocation Growth Fund, Axis S&P BSE Sensex Index Growth Fund, HDFC Nifty200 Momentum 30 Index Growth Fund and Groww Nifty Smallcap 250 Index Growth.
Index Returns
| Index | 1W | 1Y | 3Y | P/E | P/B |
|---|---|---|---|---|---|
| NIFTY 50 | -0.3% | 21.7% | 12.9% | 22.5 | 3.8 |
| NIFTY NEXT 50 | 2.7% | 48.2% | 18.9% | 23.1 | 4.0 |
| S&P BSE SENSEX | -0.7% | 17.7% | 17.9% | 24.5 | 3.6 |
| S&P BSE SmallCap | -0.4% | 62.3% | 35.2% | 33.3 | 3.5 |
| S&P BSE MidCap | 1.7% | 59.0% | 26.9% | 27.8 | 3.6 |
| NASDAQ 100 | 1.8% | 46.0% | 9.4% | 27.1 | 3.1 |
| S&P 500 | 1.4% | 22.9% | 8.7% | 27.3 | 4.7 |
Best Performers
| Mutual Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| Axis Greater China Equity FoF | 5.3% | -21.9% | NA |
| Kotak Healthcare | 4.5% | NA | NA |
| ITI Pharma & Healthcare | 4.1% | 49.0% | NA |
| 3.9% | -22.1% | -18.7% | |
| 3.8% | 53.3% | 19.5% |
| ELSS Tax Saving Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| SBI Long Term Equity | 2.1% | 54.6% | 25.9% |
| Bank Of India ELSS Tax Saver | 1.9% | 48.7% | 25.2% |
| Quant ELSS Tax Saver | 1.3% | 55.8% | 35.2% |
| Motilal Oswal ELSS Tax Saver | 1.3% | 47.5% | 23.0% |
| Kotak ELSS Tax Saver | 1.1% | 30.7% | 20.1% |
| Stocks (Market cap > Rs 50k Cr) | 1W | 1Y | 5Y |
|---|---|---|---|
| Indian Overseas Bank | 36.6% | 164.3% | 44.2% |
| Yes Bank | 31.4% | 83.6% | -29.0% |
| UCO Bank | 23.8% | 114.3% | 30.5% |
| Indian Oil | 21.9% | 130.3% | 18.6% |
| Trent | 21.2% | 204.2% | 59.1% |
Worst Performers
| Mutual Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| DSP World Gold | -2.6% | -11.5% | -5.8% |
| DSP World Mining | -2.5% | -16.3% | 5.1% |
| IPRU FMCG | -2.5% | 15.3% | 17.9% |
| UTI Banking & Financial Services | -2.4% | 24.1% | 12.7% |
| -2.4% | NA | NA |
| Stocks (Market cap > Rs 50k Cr) | 1W | 1Y | 5Y |
|---|---|---|---|
| Indian Railway Finance | -9.5% | 406.4% | NA |
| Tube Investments of India | -8.5% | 35.9% | 59.8% |
| Shree Cement | -6.7% | 14.0% | 11.5% |
| Aurobindo Pharma | -6.3% | 125.4% | 5.6% |
| ITC | -6.2% | 10.6% | 11.7% |
Bought and Sold
| Most Bought MF | 1W | 1Y | 3Y |
|---|---|---|---|
| Parag Parikh Flexi Cap | 2.3% | 38.8% | 22.8% |
| Quant Small Cap | -0.5% | 68.7% | 48.1% |
| UTI Nifty 50 Index | -0.3% | 22.9% | 14.1% |
| Quant Flexi Cap | 1.5% | 59.1% | 36.4% |
| ABSL PSU Equity | 1.1% | 97.2% | 45.9% |
| Most sold MF | 1W | 1Y | 3Y |
|---|---|---|---|
| Axis ELSS Tax Saver | 1.0% | 27.5% | 9.9% |
| Axis Focused 25 | 0.9% | 23.8% | 7.3% |
| Mirae Asset Focused | -1.0% | 17.5% | 12.6% |
| HDFC Focused 30 | 0.1% | 36.2% | 27.2% |
| IPRU Technology | 3.0% | 30.4% | 21.1% |
Most Watchlisted
Mutual Fund Watchlist | 1W | 1Y | 3Y |
|---|---|---|---|
| Motilal Oswal Midcap | 1.1% | 49.0% | 34.5% |
| Axis Small Cap | -0.4% | 40.4% | 30.0% |
| IPRU Bluechip | 0.6% | 34.8% | 19.6% |
| IPRU Value Discovery | 1.4% | 39.1% | 26.3% |
| Bandhan Small Cap | -0.2% | 74.6% | 33.4% |
Stocks Watchlist | 1W | 1Y | 5Y |
|---|---|---|---|
| Suzlon Energy | -1.8% | 426.1% | 68.1% |
| Indian Railway Finance Corp | -9.5% | 406.4% | NA |
| Tata Motors | 4.2% | 107.9% | 38.6% |
| Tata Power Co | 0.8% | 89.3% | 42.2% |
| REC | -2.4% | 299.2% | 43.3% |
US Stocks Watchlist | 1W | 1Y | 5Y |
|---|---|---|---|
| NVIDIA Corporation | 9.0% | 239.2% | 81.3% |
| Meta Platforms | -1.5% | 168.8% | 22.8% |
| Amazon.com | 1.5% | 78.7% | 16.4% |
| Microsoft Corporation | 2.3% | 59.8% | 32.7% |
| Netflix, Inc. | -0.6% | 54.1% | 9.9% |
Data Source: NSE, BSE & Kuvera.in
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Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme related documents carefully.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Investment in the securities is subject to market risks. Read all the related documents carefully before investing.
The securities quoted are for illustration only and are not recommendatory.
This market update was initially published by Livemint.
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