MOSL: Morning India (16/November/21): 1. Fund Folio (Equity inflows witness a slowdown; Banks and Automobiles hog the limelight); 2. Info Edge (India); 3. Ashok Leyland; 4. Vodafone Idea; 5. Manappuram Fin.; 6.
Morning India (16/November/21): Morning India (16/November/21):
Today’s top research themeFund Folio: Equity inflows witness a slowdown; Banks and Automobiles hog the limelight- Equity AUM (including ELSS and index funds) of domestic MFs increased by 1.5% MoM to INR13.5t in Oct'21. This was on account of a marginal rise in market indices (Nifty up 0.3% MoM) and decrease in redemptions (down 21.7% MoM to INR245b). Equity scheme sales decreased by 19% MoM to INR331b. This led to a moderation in net inflows to INR86b in Oct'21 (v/s INR96b in Sep'21), marking the eighth consecutive month of inflows.- Total MF industry AUM rose (1.6% MoM) to INR37.3t in Oct'21, led by a MoM increase in the AUM of equity/income/balanced funds (INR205b/INR200b/INR144b). The AUM for liquid/arbitrage funds declined by INR52b/INR20b MoM.- The month saw notable changes in the sector and stock allocation of funds. On a MoM basis, the weightage of Banks (Private and PSU), Automobiles, Capital Goods, Cement, and Retail increased, while that for Healthcare, Consumer, Utilities, Oil and Gas, Technology, Chemicals, Infrastructure, and Consumer Durables moderated.
Piping hot newsMerchandise exports grow 11 months on trot, up 43% YoY to $35.65 bn in OctMerchandise exports grew for the eleventh straight month to $35.65 billion, up 43 per cent on year during October, as external demand continued to remain robust.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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