ICICI Direct: Mutual Fund Activity Report - September 2020

While Mutual Fund SIP inflows moderated, they still remained strong at Rs 7,792 crore in August compared to Rs 7,831 crore in July

Stacks of coins arranged for a photograph in New York, U.S. (Photographer Scott Eells/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Equity funds witness outflows for second consecutive month in August 2020 at Rs 4000 crore after outflow of Rs 2480 crore in July 2002.

Few investors seem to be using recent rally to book profit/reduce equity exposure as gross inflows remain stable while gross redemption increases in last few months.

While systematic investment plan inflows moderated, they still remained strong at Rs 7792 crore in August compared to Rs 7831 crore in July.

The report includes -

1. Top buy/sell across asset management companies (AMCs) - Large Cap

2. Top buy/sell across AMCs - Midcap

3. Top buy/sell across AMCs - Small cap

4. AMC wise: Top Buys and Top Holdings.

Click on the attachment to read the full report:

ICICI Direct Mutual Fund Activity Report September 2020.pdf
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DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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