The equity mutual funds have witnessed net inflows of Rs.20, 245.26-crore in August 2023, according to the Association of Mutual Funds in India (AMFI) data. As per the AMFI data, it is noticed that within the equity mutual fund category, the small-cap category saw inflows of Rs 4,264.82-crore, sectoral/thematic funds saw inflows of Rs 4,805.81-crore and multi-cap category witnessed Rs 3,422.14-crore inflows.Investors in West Bengal have shown an inclination for equity mutual funds over non-equity. As of August 2023, almost 53% of the investments from West Bengal are parked in Equity schemes while 34% is parked in debt & liquid schemes and 10% in balanced funds. Investors in West Bengal have parked Rs.2,49,969.52-crore in mutual funds.
In West Bengal, Tata Mutual Fund investors have shown preference for equity mutual fund schemes. For Tata Mutual fund, almost 58% of AUM comes from equity schemes, 28% from debt & liquid schemes and 14% from balanced schemes in West Bengal according to August AMFI data.Within the equity category, there seems to be a lot of interest amongst the investors in infrastructure funds such as Tata Infrastructure Fund which is an open-ended equity scheme that invests in infrastructure sector.
Abhinav Sharma, Fund Manager, Tata Asset Management, said, “At Tata Asset Management, our focus is on the investment process and disciplined approach to investing. We adopt the Growth at Reasonable Price (GARP) approach to investing across our MF schemes including sectoral funds. The GARP approach allows us to bet on high quality shares and at the same time ensures that the quality shares are bought at reasonable price. We are of the view that there may be multiple opportunities at this point of time in the broad markets which may see strong growth as well as re-rating and we are trying to capture them in our Tata Infrastructure Fund. Tata Infrastructure Fund has positions across sectors like capital goods and engineering, cement, power utilities, logistics and residential real estate which are set to benefit immensely from capex cycle upturn and longer-term trends. In our view, our portfolio is well balanced and is a good mix of quality companies and rerating candidates.”
