India's retail investors, accessing stock markets through the mutual fund route, have lost the money-making opportunities during the choppy markets during the last five years, several data points indicate.
Mutual fund managers' exposure to the software sector has dropped to Rs 24,315 crore in March, after touching a record high in the preceding month, primarily on account of investors' concerns over the impact of appreciating rupee on exporters.
Infrastructure stocks have got a push from an unexpected quarter — the country’s equity fund managers. Infra-based theme funds, which had lost favour among investors and product manufacturers, have once again started getting attention.
The assets managed by mutual funds rose by 3% to cross Rs 9 trillion mark in the January- March quarter of FY 2013-14 on account of inflows into fixed maturity plans, money market and equity funds, says a report.
With a strong growth of about 22% in its asset base, ICICI Prudential Mutual Fund has joined the Rs 1 lakh crore club while HDFC MF has retained its top slot with a slender margin of about Rs 6,000 crore.