Retail investors is mfs a good investment pumped in Rs1. 26 lakh crore into mutual funds in the month of November, driving industry assets under management to an all-time high of Rs21. After a flat 2016, bulls clearly dominated D-Street in 2017 as benchmark indices rallied nearly 25 percent in the year.
Small and midcap stocks rallied, thanks to record inflows from mutual fund throughout the year 2017. Majority of stocks mentioned in the list belong to the small and midcap space. It looks like mutual fund managers are testing new waters as some of the investment made are for the very first time in the year 2017. Fund managers raised stake from 0.
6 percent in HEG which has already given a return of over 1000 percent so far in the year 2017. Similarly, Fund managers raised stake in Dilip Buildcon from 2. 92 percent in the March quarter to 5. 04 percent recorded in the September quarter. A large part of this growth in the midcap and smallcap is because of the liquidity that we have witnessed in India — domestic liquidity which we think is a structural trend. PCG Research at Kotak Securities told Moneycontrol. We have just around three-four percent of our retail assets in mutual funds and equity.