MOSL: Morning India (17/May/17)- 1.Fund Folio-2. Tata Steel-3. Shree Cement-4. Punjab National Bank-5. P I Industries
​MOrning India (17/May/17): 1.Fund Folio; 2. Tata Steel; 3. Shree Cement; 4. Punjab National Bank; 5. P I Industries; 6. Maruti Suzuki; 6. Telecom; 7. JK Cement; 8. South Indian Bank
Today’s top research theme
Fund Folio: Quickest INR2t jump in AUM
Domestic mutual funds (MF) started the financial year on a positive note, with total AUM touching a new high of INR19.3t (+9.8% MoM) in April, also marking the quickest INR2t jump.
Equity AUM rose for the fifth straight month to touch a new high of INR5t.
MFs received the highest total net inflows (INR1,507b) since April 2016; equity schemes witnessed the second-highest inflows (INR88b) since June 2015.
After declining for two consecutive months, the weights of Cement and Pvt Banks increased. Oil & Gas maintained its positive momentum, with a sustained MoM increase in its weight since Oct-16.
In the last 12 months, weights of the Technology and Healthcare sectors decreased by 310bp and 160bp, respectively to 6.6% in April. As a result, Technology has fallen to the seventh position in sector allocation of mutual funds - it was at the third position 12 months ago.
Piping hot news
Tata Steel agrees to UK pension deal
Tata Steel has agreed to the key commercial terms of a deal to cut benefits and improve the funding position of its British pension scheme, it said on Tuesday.
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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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