New thematic schemes keep net inflows into equity funds strong in August

The buy-sell ratio of equity funds hit an 18-month high of 2.1 in August, helped by new fund offerings (NFO) of sector fundsAccording to data from the Association of Mutual Funds in India (AMFI). This compares with the long-term average index of 1.6.

A ratio greater than two indicates that buy entries are twice as high as sell exits, reflecting a strong Investor pushAmong equity funds, sector funds have maintained a buy-sell ratio of more than three for the fourth consecutive month and have had a ratio of more than one for 15 consecutive months.

Sectoral/thematic NFOs reported a net inflow of ₹33,939 crore in the last three months, accounting for 30% of the total equity fund inflow. During the period, equity funds received a total inflow of ₹1,15,960 crore. In August, equity NFOs totaled an inflow of ₹10,202 crore with notable offerings including Motilal Oswal Manufacturing Fund, Motilal Oswal Business Cycle Fund, OSE Invesco India Innovation Opportunities Fund and Manufacturing Fund.

ETMarkets.com

So far this year, sector funds have attracted ₹50,588 crore or 80% of the total NFO inflow of ₹63,394 crore. Sector funds have accounted for 30-47% of the additional inflow. Additions to the stock portfolio since the beginning of the year. Your assets under management (AUM) reached ₹4.4 lakh crore at the end of August, the highest among all equity fund categories. These funds accounted for 14.8% of the total assets under management of equity funds, which amounts to Rs 30.1 trillion. There are over 179 sector funds out of a total of 464 equity fund schemes, the highest among all categories.

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