Mutual Funds outflows, redemptions, SIP inflows, equity AUM to allocation | Know key insights for Dec 2020

Spark Private Wealth highlights that in the last month, net outflows from equity mutual funds funds decreased by Rs 2770 Cr to Rs 10147 Cr from Rs 12917 Cr in Nov. The largest redemptions were witnessed in large cap and multi cap funds followed by value funds. 2. SIPs increased by 15% to Rs 8418 Cr. On an average, the top 15 fund houses witnessed an increase in equity AUM of 5.2% while the NIFTY 50 benchmark rose by 6.6%. 3. AUM across all equity funds increased by 5.7% to Rs 906767 Cr because of a rise across all broad equity indices.

Largest additions in fund portfolios include IRCTC, Axis Bank, APL Apollo Tubes, Cipla and HCL Tech. Largest exits from fund portfolios include HDFC Bank, NTPC, Kotak Mahindra, Bajaj Finance and Divis Labs: Reuters

Spark Private Wealth highlights that in the last month, net outflows from equity mutual funds funds decreased by Rs 2770 Cr to Rs 10147 Cr from Rs 12917 Cr in Nov. The largest redemptions were witnessed in large cap and multi cap funds followed by value funds. 2. SIPs increased by 15% to Rs 8418 Cr. On an average, the top 15 fund houses witnessed an increase in equity AUM of 5.2% while the NIFTY 50 benchmark rose by 6.6%. 3. AUM across all equity funds increased by 5.7% to Rs 906767 Cr because of a rise across all broad equity indices.

Mutual funds increased their allocation to Manufacturing, Financial Services and IT and reduced allocation to Global Commodities and Petchem stocks. Largest additions in fund portfolios include IRCTC, Axis Bank, APL Apollo Tubes, Cipla and HCL Tech. Largest exits from fund portfolios include HDFC Bank, NTPC, Kotak Mahindra, Bajaj Finance and Divis Labs.

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SIP inflows increased by Rs 1116 Cr from the previous month to Rs 8418 Cr. Total outstanding accounts stood at 347 lakhs vs 341 lakhs in the previous month. 15 lakh new SIP accounts were registered, while 8 lakh SIP accounts were discontinued.

The Nifty witnessed selling pressure for the second consecutive session. On the way down, the index has broken the key hourly moving averages, which had been acting as supports in the case of minor degree dips. Short-term momentum indicators have turned negative suggesting weakness in the market. Thus the index looks poised to test the junction of 20 DMA and a rising trendline, which is near 14100. The overall structure indicates that the Nifty can go for a consolidation in the short term before going higher. The zone of 14000-14500 would be the range for the sideways action.

Other technical observations:

On the daily chart, the Nifty is above the 20-day moving average (DMA) and the 40-DEMA, of 14088 and 13706, respectively. The momentum indicator is bearish on the daily chart. On the hourly chart, the Nifty is below the 20-hour moving average (HMA) and the 40-HEMA, of 14450 and 14412 respectively. The hourly momentum indicator is bearish. The market breadth was negative with 420 advances and 1512 declines on the National Stock Exchange

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mutual funds