In August 2023, the Association of Mutual Funds in India (AMFI) reported net inflows of Rs. 20,245.26 crore from equity mutual funds. The small-cap category saw Rs 4,264.82 crore, while sectoral/thematic funds received Rs 4,805.81 crore, and the multi-cap category received Rs 3,422.14 crore.
Tata Mutual Fund in West Bengal is showing a preference for equity mutual fund schemes, with 58% of AUM coming from equity schemes, 28% from debt & liquid schemes, and 14% from balanced schemes, according to August AMFI data. Investors are particularly interested in infrastructure funds like Tata Infrastructure Fund, which falls under the very high-risk category. Mr. Abhinav Sharma, Fund Manager, Tata Asset Management, “In our view, our portfolio is well balanced and is a good mix of quality companies (high and sustainable growth potential) and rerating candidates (cheaper valuation with upside triggers).”
India’s growing mutual funds (MF) assets show a preference for equity schemes over non-equity ones. West Bengal, for instance, has 53% of investments in equity schemes as of August 2023, with 34% in debt and liquid schemes and 10% in balanced funds. As of August 2023, investors in West Bengal have invested Rs.2,49,969.52 crore in mutual funds.
