Motilal Oswal - MOSL: Morning India (18/December/17)-1. Fund Folio (MF net inflows at a record high of INR4.1t); 2. KNR Constructions; 3. Healthcare

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Motilal Oswal

Team Research

MOSL: Morning India (18/December/17)-1. Fund Folio (MF net inflows at a record high of INR4.1t); 2. KNR Constructions; 3. Healthcare

â€‹MOrning India (18/December/17): 1. Fund Folio (MF net inflows at a record high of INR4.1t); 2. KNR Constructions; 3. Healthcare

Todayâ€™s top research theme

Fund Folio: MF net inflows at a record high of INR4.1t

Bucking the weak market trend in November, equity AUM of domestic mutual fund industry rose for the 11th consecutive month in CY17 to scale a new high of INR7.3t (+3.6% MoM and +56% CY17YTD).
The increase in equity AUM can primarily be ascribed to a rise in equity scheme sales to INR393b (+32% MoM). Redemptions rose 37% MoM to INR190b (as market indices were down; Nifty -1.1% MoM), leading to a rise in net inflows (INR203b, +27% MoM).
Total net inflows for the MF industry in CY17YTD stand at INR4.1t, one third of which are contributed by equity funds.
Defensives' weight rose 50bp MoM to 24.4%, as the weight of Telecom/Utilities/Technology/Consumer increased 40/20/10/10bp, while that of Healthcare moderated in November. Global and Domestic Cyclicals' weight declined 40bp and 20bp MoM to 10.2% and 65.4%, respectively.

Piping hot news

Bharti Airtel likely to face penalty for misusing Aadhaar details

Bharti Airtel may have to pay a fine for the alleged violation of rules on using Aadhaar for its electronic know-your-customer (e-KYC) verification process, according to an official of the Unique Identification Authority of India (UIDAI).

18/12/2017 22 EN

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MOSL: Morning India (18/December/17)-1. Fund Folio (MF net inflows at a record high of INR4.1t); 2. KNR Constructions; 3. Healthcare

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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