Equity AUM up 11% in FY19 YTD, as against
Nifty’s rise of 7%
Equity Incl. Arbi & ELSS AUM (INRb)
AUM up 4.3x
(Nifty: +1.6x) over
last five years
Nifty Index
10,114
7,498
10,793
8,292
Equity AUM stable in Feb’19
(-0.1% MoM)
INR8.3t
9,174
7,738
5,435
3,864
8,491
INR192b
6,704
Gross inflows in equities
lowest in last two years
3,451
1,911
FY14
FY15
FY16
FY17
FY18
FY19YTD
Deven Mistry – Research Analyst
(Deven@MotilalOswal.com); +91 22 6129 1575
Investors are advised to refer to important disclosures made at the last page of the Research Report
March 2019
 Motilal Oswal Financial Services
SUMMARY:
Equity AUM stable, gross inflows lowest in two years
Key observations
Indian benchmark indices ended flat (-0.4% MoM) for the third consecutive month in Feb’19, as the street exercised caution amid a flurry of unsupportive
domestic and global cues. Nevertheless, mutual fund investors appeared to be undeterred by market volatility, with the contribution of systematic
investment plans (SIPs) hitting at a new high of INR81b in the month (+26% YoY and 2x in two years).
After falling by 1.6% in the previous month, equity AUM of domestic MFs declined marginally by 0.1% MoM to INR8.3t in Feb’19 owing to bleak market
sentiment. Redemptions declined by 8.1% MoM to INR145b, but an even higher fall in equity scheme sales (-8.2% MoM to INR192b – lowest in two years)
led to a decline in net inflows from INR51b in Jan’19 to INR46b in Feb’19.
Total AUM of the MF industry declined 0.9% MoM to INR23.2t in Feb’19, primarily led by a decrease in AUM of liquid funds (by INR212b), balanced fund
(by INR28b), income funds (by INR17b) and equity funds (by INR10b).
Equity AUM, as a percentage of India’s market capitalization, increased by 60bp YoY to 5.9% in Feb’19.
Some interesting facts
The month saw a
notable change in sector and stock allocation of funds.
On an MoM basis, the weight of Oil & Gas, Private Banks, Consumer, Cement,
Capital Goods and Utilities increased, while that of PSU Banks, Healthcare, NBFCs, Metals and Chemicals moderated.
Oil & Gas weight increased for the fourth successive month to reach a new high
of 7.8% (+20bp MoM and +120bp YoY). The sector is now at the fifth
position in sector allocation of mutual funds – it was at the seventh position 12 months ago.
Consumer’s weight climbed to a new high of 8.1%
(+20bp MoM and +140bp YoY).
Of the top-10 stocks in terms of value increase MoM, five were from
Private Banks and Oil & Gas.
Axis Bank was one of the preferred stocks
among MFs in the month,
with net buying by 19 funds. Value increased by INR21b, despite the
stock correcting by 1.9% in the month.
Kotak Mahindra Bank was another preferred stock
in the month, with
net buying by 15 funds. Value increased by INR20.4b, despite the stock
correcting by 3.3% in the month.
Reliance Industries saw a value increase of INR19.2b in Feb’19,
despite
stock being flat (+0.4% MoM). Notably, the stock saw net buying by 17 of
the top-20 funds.
SBI
saw net selling by five funds and net buying by 13 funds in Feb'19.
Notably, its value decreased by INR14.8b, as the stock was down 8% in
the month.
MFs saw lowest monthly gross inflows in two years
500
375
250
125
0
Gross Inflows in Equity Incl. Arbi & ELSS (INR b)
472
192
Fund Folio: Indian Mutual Fund Tracker | March 2019
2
 Motilal Oswal Financial Services
SUMMARY:
Equity AUM stable, gross inflows lowest in two years
Key charts
Oil & Gas weight rose for fourth consecutive month to reach a new high
of 7.8% (+20bp MoM and +120bp YoY)
Oil & Gas
Consumer’s weight climbed to a new high of 8.1% (+20bp MoM and
+140bp YoY)
Consumer
SIP contribution has increased by 26% in the past one year
SIP contribution (INRb)
Total MF inflows at INR1.3t in FY19YTD; equity contributes INR1t
1,274
1,002
328
Total net inflows of INR 1,321b in FY19YTD
100
2
2
-4
-35
Liquid
Equity Other Balanced
Incl ELSS ETFs
FOF
Infra
Debt
Fund
Gold
ETF
GILT
-1,350
Income
Fund Folio: Indian Mutual Fund Tracker | March 2019
3
 Motilal Oswal Financial Services
Contents
AUM:
Equity AUM stable at INR8.3t (down 0.1% MoM in February)
Flows:
Gross inflows in equities lowest in two years
Top-20 funds:
Equity value up 0.9% MoM
Sector-wise weightage:
MoM increase seen in Oil , Pvt Banks, Consumer and Cement
Sectoral allocation of funds:
Capital Goods, Healthcare and Cement over-owned
Nifty-50 snapshot:
MFs net buyers in 54% of the stocks
Top schemes and NAV change:
84% of top-25 schemes close lower MoM
Value surprise:
Maximum MoM change in Axis Bank, Kotak Mah. Bk and Reliance Inds
Funds snapshot:
Overview
About the product
Fund Folio
is a handbook on the
holdings of the top-20 domestic mutual
funds in India. This monthly report will
cover:
Trend in AUMs and flows
Sector allocation by funds
Stock-wise holding change
Top schemes and NAV change
Fund-wise snapshot on top holdings
Aditya Birla Sun Life
Axis
BNP Paribas
Canara Robeco
DSP
Franklin Templeton
HDFC
ICICI Prudential
IDFC
Invesco
Kotak Mahindra
L&T
Mirae Asset
Motilal Oswal
Principal
Reliance
SBI
Sundaram
Tata
UTI
Notes:
This report covers only the top-20 mutual
funds by exposure to equity
All aggregates pertain only to the funds
listed in this report
Sectors are as defined by MOSL Research
Source: AMFI, NAVIndia
Fund Folio: Indian Mutual Fund Tracker | March 2019
4
 Motilal Oswal Financial Services
AUM:
Equity AUM stable at INR8.3t (-0.1% MoM in Feb’18)
After falling by 1.6% in the previous month, equity AUM of domestic MFs declined marginally by 0.1% MoM to INR8.3t in Feb’19 owing to bleak
market sentiment. Redemptions declined by 8.1% MoM to INR145b, but an even higher fall in equity scheme sales (-8.2% MoM to INR192b) led to a
decline in net inflows from INR51b in Jan’19 to INR46b in Feb’19.
Total AUM of the MF industry declined by 0.9% MoM to INR23.2t in Feb’19, primarily led by a decrease in AUM of liquid funds (by INR212b),
balanced fund (by INR28b), income funds (by INR17b) and equity funds (by INR10b).
Equity AUM, as a percentage of India’s market capitalization, increased by 60bp YoY to 5.9% in Feb’19.
Trend in equity AUM (in absolute terms and as % of market cap)
Equity AUM Incl. Arbi & ELSS (INR t)
43
36
29
22
15
9.0
7.0
5.0
3.0
1.0
% to Mktcap - RHS
Trend in total AUM and equity AUM (as % of total)
Total AUM (INR t)
30
24
18
12
6
Equity as % to total AUM - RHS
5.2
3.1
4.0
6.3
7.1
8.0
8.3
6.1
5.2
4.3
3.4
2.5
What drove total AUM in Feb’19 (INR b)
60
1
0
-0
-1
-10
-17
-28
-212
What drove equity AUM in Feb’19 (INR b)
192
-145
-56
23,164
23,371
8,292
8,301
Jan-19 Other
ETFs
FOF
Gold
Infra
GILT
ETF Debt Fund
Equity Income Balanced Liquid Feb-19
Incl Arbi
& ELSS
Jan-19
Sales
Redemption
Capital
Depreciation
Feb-19
Fund Folio: Indian Mutual Fund Tracker | March 2019
5
 Motilal Oswal Financial Services
Flows:
Gross inflows in equities lowest in two years
Mutual funds’ gross inflows declined 8.2% MoM to INR192b in Feb’19. Redemptions declined 8.1% MoM to INR145b. Thus, net inflows declined
8.7% to INR46b in the month from INR51b in Jan’19.
Monthly trend of sales, redemptions and net amount raised by mutual funds (towards equity)
750
500
250
0
-250
-500
Inflows in Equity Incl. Arbi & ELSS (INR b)
Redemptions in Equity Incl. Arbi & ELSS (INR b)
Net Inflow/Outflow in Equity Incl. Arbi & ELSS (INR b)
192
46
-145
Redemptions fell
8.1% MoM to
INR145b in
Feb’19
Yearly trend of net inflows by mutual funds (towards equity)
Net Inflow/Outflow in Equity Incl. Arbi & ELSS (INR b)
1711
Yearly trend of sales and redemptions by mutual funds (towards equity)
Sale in Equity Incl. Arbi & ELSS (INR b)
Redemptions in Equity Incl. Arbi & ELSS (INR b)
2,196
4,005
2,723
1,002
710
40
21
-131
FY09
FY10
FY11
FY12
1
-146
FY13
-93
FY14
FY15
FY16
FY17
FY18
FY19
YTD
FY09
740
704
328
-288
1,482 1,653
647
666
506
-505
434
461
-626
-797
-580
-554
-771
-913
-1,492
FY17
-2,294
FY18
-1,721
FY19
YTD
FY10
FY11
FY12
FY13
FY14
FY15
FY16
Fund Folio: Indian Mutual Fund Tracker | March 2019
6
 Motilal Oswal Financial Services
Top-20 funds:
Equity value up 0.9% MoM
Total equity value of the top-20 AMCs increased 0.9% MoM (+12.9% YoY) in Feb’19, as against the Nifty’s flat performance MoM (+2.9% YoY).
Among the top-10 funds, the highest MoM increase was seen in Axis Mutual Fund (+6.1%), ICICI Prudential Mutual Fund (+5.1%), Kotak Mahindra
Mutual Fund (+3.4%), SBI Mutual Fund (+1.7%) and UTI Mutual Fund (+0.7%).
Trend of top-20 mutual funds by equity value
Value (INR b)
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential Mutual Fund
Reliance Mutual Fund
Aditya Birla Sun Life Mutual Fund
UTI Mutual Fund
Kotak Mahindra Mutual Fund
Franklin Templeton Mutual Fund
AXIS Mutual Fund
DSP Mutual Fund
L&T Mutual Fund
Mirae Asset Mutual Fund
Tata Mutual Fund
IDFC Mutual Fund
Sundaram Mutual Fund
Motilal Oswal Mutual Fund
Canara Robeco Mutual Fund
Invesco Mutual Fund
PRINCIPAL Mutual Fund
BNP Paribas Mutual Fund
Total of above
Nifty
Feb-19
1,398
1,347
1,263
946
794
631
519
478
407
351
342
200
199
190
175
172
81
77
51
37
9,656
10,793
Feb-18 Mar-18 Apr-18 May-18 Jun-18
-3.3
1.5
9.8
1.1
0.6
-3.8
-3.0
6.8
-2.3
-3.3
-2.7
-2.7
3.6
-2.0
4.8
-2.8
-3.3
8.6
-1.3
-2.7
-2.5
-1.3
8.7
-1.7
-1.5
-1.5
-0.7
2.5
5.0
-0.2
0.0
-2.2
7.1
2.1
-1.4
-4.0
-2.6
5.4
-1.4
-3.0
-0.7
-0.4
8.8
3.0
0.7
-1.4
-1.9
7.1
-2.4
-4.5
2.9
-1.1
11.5
-1.1
-1.0
0.5
-1.8
10.8
1.7
-0.1
-2.5
-1.6
10.7
1.1
-0.1
-2.0
-0.3
10.7
-1.6
0.3
-1.3
-4.3
10.5
-2.8
-3.0
0.1
2.0
7.4
0.2
-1.5
-1.1
-0.9
8.6
0.5
-2.3
3.0
1.9
12.8
7.4
5.7
-1.6
-0.5
11.4
0.6
-2.1
-3.1
-5.8
7.3
-3.6
-5.1
-2.3
-1.7
7.3
-0.5
-0.7
-4.9
-3.6
6.2
0.0
-0.2
MoM Change (%)
12M Chg
July-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 (INRb) (%)
7.2
5.0
-5.7
-0.4
6.1
2.9
0.6
1.7
353
33.8
6.1
4.6
-8.3
1.8
2.0
2.4
-0.8
-1.4
46
3.5
-1.1
2.1
-6.1
3.5
-0.9
3.1
-1.3
5.1
90
7.7
6.1
5.7
-8.7
1.3
3.0
12.5
-5.3
-3.0
97
11.4
5.3
3.0
-12.9
0.2
5.2
2.7
-2.5
0.2
29
3.8
6.4
3.6
-8.1
-1.8
4.5
1.4
0.2
0.7
74
13.3
7.3
9.0
-8.5
-0.4
5.3
3.6
-0.2
3.4
109
26.6
2.9
2.7
-8.3
-1.1
2.3
1.4
-0.6
-1.2
-19
-3.9
9.3
6.4
-8.7
-1.0
6.8
4.8
-1.9
6.1
112
38.0
5.0
2.1
-11.0 -3.1
4.5
0.3
-3.0
0.6
-28
-7.4
7.0
4.5
-8.6
0.0
4.5
0.5
-3.3
-1.5
32
10.4
10.4
6.9
-3.8
3.0
5.2
3.1
2.3
1.8
63
46.3
11.0
7.9
-8.9
-3.9
11.8
6.1
-3.0
5.1
56
39.4
5.3
2.8
-8.9
-0.4
3.9
2.0
-3.2
-0.1
17
9.7
3.0
4.3
-11.2 -3.2
4.8
4.9
-1.7
0.1
-1
-0.4
5.8
2.2
-7.9
-4.2
7.8
-0.5
-3.1
0.0
11
7.1
10.5
3.5
-8.2
0.3
6.8
0.5
2.2
2.1
16
24.6
14.9
7.6
-2.8
6.1
7.2
6.8
1.5
0.7
37
94.7
7.0
5.2
-6.4
2.4
5.2
1.7
-2.1
0.1
10
23.4
6.1
3.1
-10.5
4.6
6.6
-0.4
-5.7
-2.6
-3
-7.6
5.4
4.3
-8.2
0.3
3.8
3.5
-1.5
0.9
1,101 12.9
6.0
2.9
-6.4
-5.0
4.7
-0.1
-0.3
-0.4
2.9
Cash
Holding (%)
6.7
4.6
11.0
2.7
4.5
3.0
4.8
6.0
8.4
4.2
6.0
2.7
6.3
5.9
5.6
2.0
4.9
3.6
4.0
7.0
5.2
Note:
Equity value represents equity exposure for all mutual fund schemes (including balanced and other schemes).
Cash is derived by deducting equity AUM from total AUM; Only equity growth schemes have been considered for cash.
Fund Folio: Indian Mutual Fund Tracker | March 2019
7
 Motilal Oswal Financial Services
Sector-wise weight:
MoM increase seen in Oil & Gas, Private Banks, Consumer and Cement
In Feb’19, MFs showed interest in Oil & Gas, Private Banks, Consumer, Cement, Capital Goods and Utilities, with these sectors witnessing an MoM
increase in weight. PSU Banks, Healthcare, NBFCs, Metals and Chemicals saw an MoM decrease in weight.
Private Banks (18.6%) was the top sector holding in Feb’19, followed by Technology (9.5%), NBFCs (8.4%) and Consumer (8.1%).
PSU Banks, Chemicals, Metals, Infrastructure and Healthcare saw a maximum decrease in value on an MoM basis.
Sector value change MoM (%):
Cement
Telecom
Retail
Oil & Gas
0.1
0.2
0.1
Sector allocation (%):
Oil & Gas, Private Banks see highest rise MoM
Feb Weight (%)
Banks Private
Technology
NBFC
Consumer
Oil & Gas
Capital Goods
Auto
Healthcare
Banks Public
Utilities
Chemicals
Metals
Cement
Retail
Telecom
Media
Textiles
Infrastructure
Real Estate
4.3
3.9
3.0
3.0
2.5
1.5
1.3
0.8
0.7
0.7
0.4
0.1
0.1
PSU Banks and Metals see maximum decline MoM
6.9
4.1
3.7
3.1
2.6
2.5
2.4
2.4
1.6
1.6
1.4
0.9
0.7
-0.1
-0.6
-1.5
-2.0
-3.8
-5.1
MFs v/s BSE-200 weight (%):
BSE 200 Weight (%)
Banks Private
Technology
Consumer
NBFC
Oil & Gas
Auto
Healthcare
Capital Goods
Metals
Utilities
Banks Public
Cement
Telecom
Chemicals
Retail
Media
Infrastructure
Real Estate
Textiles
Consumer u/w and Capital Goods o/w
MF Weight (%)
20.1
18.6
12.2
9.5
12.0
8.1
11.6
8.4
10.4
7.8
7.4
7.0
4.8
6.0
4.1
7.4
2.8
3.0
2.7
3.9
2.4
4.3
2.2
2.5
1.4
1.3
1.2
3.0
1.2
1.5
0.6
0.8
0.5
0.7
0.3
0.4
0.3
0.7
MoM Chg (pp)
18.6
0.1
9.5
8.4
8.1
7.8
7.4
7.0
6.0
-
Utilities
Consumer
Media
Capital Goods
Banks Private
Textiles
Real Estate
Technology
Auto
NBFC
Healthcare
Infrastructure
Metals
Chemicals
Banks Public
-
-
-
-
-
-
-
Fund Folio: Indian Mutual Fund Tracker | March 2019
8
 Motilal Oswal Financial Services
Sectoral allocation of funds:
Capital Goods, Healthcare and Cement over-owned
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% higher:
Capital Goods (18 funds over-owned), Healthcare (11 funds
over-owned), Cement (9 funds over-owned), Private Banks (8 funds over-owned) and Autos (7 funds over-owned).
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% lower:
Oil & Gas (17 funds under-owned), NBFCs (17 funds under-
owned), Consumer (16 funds under-owned), Technology (15 funds under-owned) and Private Banks (10 funds under-owned).
Sector-wise allocation of funds v/s BSE-200 (%)
Sector
Auto
Banks Private
Banks Public
Capital Goods
Cement
Chemicals
Consumer
Healthcare
Infrastructure
Media
Metals
NBFC
Oil & Gas
Real Estate
Retail
Technology
Telecom
Textiles
Utilities
Aditya
BSE200 Birla Sun
Life
7.4
20.1
2.4
4.1
2.2
1.2
12.0
4.8
0.5
0.6
2.8
11.6
10.4
0.3
1.2
12.2
1.4
0.3
2.7
6.2
19.8
2.9
6.9
3.3
3.7
11.0
7.0
0.8
2.0
3.5
10.1
5.5
0.0
1.3
8.5
0.5
0.5
2.2
Axis
11.9
19.9
0.3
3.9
0.8
5.3
9.0
2.8
0.0
0.0
0.1
20.2
1.6
0.0
5.4
13.4
0.0
0.6
1.9
BNP
Paribas
4.0
22.0
2.0
6.6
2.8
2.8
14.6
2.7
1.0
2.5
2.9
12.1
6.6
0.3
3.5
9.1
0.5
1.0
0.2
Canara
Robeco
6.5
25.4
3.7
9.7
3.9
3.6
10.1
4.3
0.3
0.4
3.7
7.8
0.3
1.8
10.5
0.0
0.6
1.3
DSP
6.8
19.0
1.5
8.3
4.8
5.4
7.3
8.1
1.0
0.4
3.1
8.7
5.3
1.4
1.4
5.9
0.5
3.3
1.2
Franklin
ICICI
Templeto HDFC
IDFC
Pru
n
8.9
22.7
2.8
5.9
5.4
3.8
5.5
6.0
0.7
0.9
2.4
2.9
7.7
1.5
1.4
8.5
3.9
1.0
2.8
4.0
16.2
8.9
10.0
0.7
4.9
4.2
4.9
1.2
0.5
3.3
6.4
8.8
0.3
0.6
11.6
0.3
0.3
7.5
7.1 7.5
13.7 17.5
5.8
2.4
5.2 9.1
1.3
3.4
1.3
3.5
8.9 8.7
6.6 6.8
0.7
1.8
1.1 0.5
6.3
2.7
6.5 6.5
9.6 4.7
0.2 0.5
1.0
4.8
8.4 6.9
3.8
0.1
0.1 1.3
9.6
1.2
Kotak
Invesco Mahindr
a
8.8
23.6
1.5
5.8
0.7
1.0
6.1
7.7
0.6
1.5
2.0
10.5
11.6
0.1
2.7
11.3
0.3
0.2
5.7
26.2
3.8
6.4
4.9
2.2
8.2
4.5
0.4
0.4
2.3
8.8
11.3
0.3
0.9
6.9
0.1
1.3
0.6
L&T
4.2
14.3
3.4
10.6
6.8
4.3
5.8
6.4
0.7
0.8
1.5
5.8
6.2
1.7
3.9
10.1
1.2
1.9
0.1
Mirae
7.1
22.1
3.0
6.7
0.9
1.6
7.6
11.4
1.1
4.1
5.9
8.8
2.9
9.7
0.3
2.1
3.3
Motilal
Relianc
Sundara
Principal
SBI
TATA UTI
Oswal
e
m
11.1
22.2
0.0
6.7
0.2
0.3
6.6
6.9
0.0
0.0
16.9
7.5
0.0
2.2
12.6
0.0
0.5
0.0
5.8
17.0
3.2
6.6
4.5
5.2
13.0
5.1
0.8
1.0
3.2
5.9
6.0
0.4
0.4
10.4
0.9
1.9
3.8
6.7
17.1
7.2
11.2
2.1
2.0
4.5
7.4
1.0
0.7
3.7
6.6
9.0
0.6
1.5
5.4
1.0
0.7
4.6
7.3
21.6
3.2
5.9
2.2
2.2
10.5
5.0
0.4
0.3
1.8
10.6
8.9
0.2
0.5
10.8
1.8
0.5
2.2
9.3
13.2
1.5
10.4
5.0
4.8
12.1
4.5
2.0
1.6
0.9
8.3
2.9
0.3
3.6
8.1
0.5
0.8
0.5
9.5 10.0
17.7 18.8
2.1 1.9
7.3
4.9
2.7 2.3
2.0
2.7
15.5
9.7
3.2
6.8
1.0 0.5
1.3 0.6
0.2 2.1
10.3 8.9
6.7 6.5
0.1 0.4
2.4
1.4
10.0
14.0
0.1 1.1
0.2 0.8
2.4 2.3
Note:
Green box
indicates over-ownership by +1% and
orange
box indicates under-ownership by -1% of a sector vis-a-vis BSE200 weight.
Fund Folio: Indian Mutual Fund Tracker | March 2019
9
 Motilal Oswal Financial Services
Nifty-50 snapshot:
MFs net buyers in 54% of the stocks
Highest net buying in Feb’19 on an MoM basis was witnessed in Kotak Mah Bank (+16.1%), Hero Moto (+15.9%), JSW Steel (+12.7%), Axis Bank (+10.1%) and HUL
(+7.9%).
Company
Kotak Mah. Bank
Hero MotoCorp
JSW Steel
Axis Bank
HUL
L&T
GAIL
NTPC
Reliance Inds.
TCS
SBI
HPCL
Hindalco
ITC
Grasim Inds
Infosys
Asian Paints
Power Grid
ICICI Bank
Bharti Airtel
Yes Bank
HDFC
BPCL
Bajaj Finance
Coal India
HDFC Bank
ONGC
M&M
Dr Reddys Labs.
Titan Company
Number of Funds
Value Feb- Value Chg Shares Feb- Shares Chg
Having Exposure
MoM (%)
19 (INR B) MoM (%)
19 (M)
>2%
<2%
188.0
12.2
155.0
16.1
10
10
32.8
16.5
12.5
15.9
19
17.1
15.4
60.9
12.7
19
281.3
8.1
396.4
10.1
15
5
73.3
6.1
42.3
7.9
1
19
283.5
5.7
219.3
7.4
13
7
69.5
9.6
203.1
6.4
19
161.4
7.4
1,142.7
6.2
2
17
334.4
6.1
271.6
5.8
15
5
181.5
3.7
91.5
5.3
11
9
324.1
-4.4
1,204.5
4.4
11
9
43.9
-0.2
196.5
4.3
1
17
57.8
-2.3
295.3
4.0
1
16
288.7
2.4
1,045.7
3.4
11
9
36.5
10.0
46.9
2.1
19
417.7
-0.3
569.2
1.8
18
2
54.5
1.2
38.8
1.8
1
19
68.1
-1.5
372.5
1.6
1
18
466.4
-2.6
1,332.0
1.4
19
1
110.1
5.2
346.3
1.4
2
18
47.9
20.5
207.1
1.2
18
244.8
-3.3
133.0
0.9
10
10
63.6
-1.9
188.3
0.4
1
16
110.4
3.2
41.7
0.3
3
17
72.5
1.9
317.5
0.2
18
596.5
0.1
287.1
0.2
20
77.6
5.4
521.7
0.2
1
17
76.9
-5.2
119.0
-0.2
20
43.8
-4.1
16.6
-0.9
19
49.9
1.9
48.7
-1.0
1
19
Company
Bajaj Finserv
Sun Pharma
Tata Steel
Vedanta
Maruti Suzuki
UltraTech Cement
IndusInd Bank
Tata Motors
Cipla
Eicher Motors
HCL Tech.
IOC
Wipro
Tech Mahindra
Zee Entertainmen
Bharti Infratel
UPL
Bajaj Auto
Adani Ports & SEZ
Indiabulls Hsg Fin
Number of Funds
Value Feb- Value Chg Shares Feb- Shares Chg
Having Exposure
MoM (%)
19 (INR B) MoM (%)
19 (M)
>2%
<2%
38.7
4.7
6.0
-1.3
19
100.8
3.2
226.5
-1.8
1
18
82.1
3.0
164.0
-1.9
2
18
69.9
-15.8
412.8
-1.9
1
19
111.7
0.6
16.4
-2.2
5
15
30.3
6.2
7.9
-2.3
20
63.9
-6.1
43.3
-4.1
3
15
41.3
-6.4
232.6
-4.4
18
45.0
2.5
81.1
-4.4
18
28.2
-0.7
1.4
-5.0
1
17
63.0
-1.2
59.7
-5.7
18
79.2
-0.7
547.8
-6.0
2
16
26.0
-7.3
70.4
-7.2
18
65.5
5.0
79.0
-7.5
1
19
24.8
11.4
53.1
-9.2
18
4.6
-9.1
15.7
-9.6
18
32.8
0.0
37.4
-10.4
20
23.5
-3.3
8.1
-14.8
1
17
14.2
-29.6
43.7
-26.9
18
4.1
-33.3
6.3
-32.3
17
MFs’ weight in Nifty (%)
OW/UW to Nifty(pp)
3.3
3.2
2.2
1.2
1.0
0.7
0.4
28.2
12.9 11.5
7.2 6.8 5.6 5.4
MFs Weight in Nifty (%)
5.2 4.9 3.9 3.3 2.0
1.1 0.9 0.6 0.4 0.2
Fund Folio: Indian Mutual Fund Tracker | March 2019
10
 Motilal Oswal Financial Services
Top schemes and NAV change:
84% of top-25 schemes close lower MoM
Among the top-25 schemes by AUM, those registering the rise were:
Axis Focused 25 Fund (+2.2% MoM change in NAV), Axis Long Term Equity
Fund (+2.1% MoM change in NAV), UTI-Equity Fund (+0.7% MoM change in NAV) and Franklin India Bluechip Fund (+0.1% MoM change in NAV).
Those registering the highest fall were:
Reliance Tax Saver (ELSS) Fund (-2.6% MoM change in NAV), Franklin India Smaller Companies Fund (-2.3%
MoM change in NAV), HDFC Equity Fund (-2.2% MoM change in NAV), HDFC Top 100 Fund (-2.1% MoM change in NAV) and Reliance Small Cap Fund
(-1.9% MoM change in NAV).
Total AUM (INR B)
217
207
205
205
204
201
174
157
152
127
117
112
106
100
97
96
86
77
76
76
74
72
68
68
68
Equity AUM (INR B)
205
199
189
203
190
179
170
129
150
125
117
108
101
95
97
96
85
75
70
74
67
64
65
64
65
MoM NAV Chg (%)
-0.6
-0.7
-0.3
-2.2
-0.1
-0.1
2.1
-0.9
-2.1
-0.5
-1.5
-0.3
-0.8
-1.1
-1.7
-2.6
0.7
-1.1
0.1
-0.8
-1.4
-1.9
-1.8
-2.3
2.2
12M NAV Chg (%)
-0.2
-2.6
-10.7
-1.9
-4.3
-0.6
0.9
-4.8
1.1
-8.7
-0.2
-3.5
1.4
-4.5
-2.6
-19.7
3.9
-12.0
-2.2
-3.3
-4.5
-19.5
-8.0
-17.8
0.4
Top schemes by AUM
Scheme Name
Kotak Standard Multicap Fund (G)
Aditya Birla SL Frontline Equity Fund (G)
HDFC Mid-Cap Opportunities Fund (G)
HDFC Equity Fund - (G)
SBI BlueChip Fund (G)
ICICI Pru Bluechip Fund (G)
AXIS Long Term Equity Fund (G)
ICICI Pru Value Discovery Fund (G)
HDFC Top 100 Fund (G)
Motilal Oswal Multicap 35 Fund (G)
Reliance Large Cap Fund (G)
Franklin India Equity Fund - (G)
Mirae Asset India Equity Fund (G)
Aditya Birla SL Equity Fund (G)
Reliance Multi Cap Fund (G)
Reliance Tax Saver (ELSS) Fund - (G)
UTI-Equity Fund (G)
L&T India Value Fund (G)
Franklin India Bluechip Fund - (G)
Aditya Birla SL Tax Relief '96 (G)
Franklin India Focused Equity Fund (G)
Reliance Small Cap Fund (G)
HDFC Tax Saver Fund (G)
Franklin India Smaller Companies Fund (G)
AXIS Focused 25 Fund (G)
Note:
Equity growth schemes considered for this comparison
Fund Folio: Indian Mutual Fund Tracker | March 2019
11
 Motilal Oswal Financial Services
Value surprise:
Maximum MoM change in Axis Bank, Kotak Mah. Bank and Reliance Inds
In Feb’19, five of the top-10 stocks that saw maximum change in value were from Private Banks and Oil & Gas. Axis Bank, Kotak Mahindra Bank,
Reliance Industries, L&T and NTPC saw the maximum value change on an MoM basis.
Stocks that saw maximum decline in value were: SBI, Vedanta, ICICI Bank, HDFC and Tata Chemicals.
Top-10 stocks by change in value
Company
Axis Bank
Kotak Mah. Bank
Reliance Inds
L&T
NTPC
Emami
Yes Bank
ITC
TCS
GAIL
Value Feb-19
(INR B)
281.3
188.0
334.4
283.5
161.4
23.1
47.9
288.7
181.5
69.5
Value Feb-19
(INR B)
324.1
69.9
466.4
244.8
31.5
55.3
14.2
76.9
63.9
18.3
Value Chg MoM
(INR B)
21.0
20.4
19.2
15.2
11.1
9.6
8.2
6.7
6.4
6.1
Value Chg
MoM (INR B)
-14.8
-13.2
-12.2
-8.5
-7.7
-6.3
-6.0
-4.2
-4.1
-3.7
Value Chg
MoM (%)
8.1
12.2
6.1
5.7
7.4
70.8
20.5
2.4
3.7
9.6
Value Chg
MoM (%)
-4.4
-15.8
-2.6
-3.3
-19.6
-10.3
-29.6
-5.2
-6.1
-16.9
Shares
Feb-19 (M)
396.4
155.0
271.6
219.3
1,142.7
59.0
207.1
1,045.7
91.5
203.1
Shares
Feb-19 (M)
1,204.5
412.8
1,332.0
133.0
56.6
77.7
43.7
119.0
43.3
38.8
Shares Chg
MoM (M)
36.3
21.5
14.8
15.1
66.8
26.1
2.5
34.0
4.6
12.2
Shares Chg
MoM (M)
50.3
-8.2
18.8
1.2
-1.5
-0.6
-16.1
-0.3
-1.8
-3.4
Shares Chg
MoM (%)
10.1
16.1
5.8
7.4
6.2
79.2
1.2
3.4
5.3
6.4
Shares Chg
MoM (%)
4.4
-1.9
1.4
0.9
-2.5
-0.7
-26.9
-0.2
-4.1
-8.0
Price Chg
MoM (%)
-1.9
-3.3
0.4
-1.4
1.2
-4.6
19.0
-0.9
-1.5
3.1
Price Chg
MoM (%)
-8.0
-14.2
-4.2
-4.3
-17.5
-9.4
-4.3
-5.0
-2.1
-9.8
%
AUM
2.9
1.9
3.5
2.9
1.7
0.2
0.5
3.0
1.9
0.7
%
AUM
3.4
0.7
4.8
2.5
0.3
0.6
0.1
0.8
0.7
0.2
Bottom-10 stocks by change in value
Company
SBI
Vedanta
ICICI Bank
HDFC
Tata Chemicals
Aurobindo Pharma
Adani Ports
M&M
IndusInd Bank
Concor
Fund Folio: Indian Mutual Fund Tracker | March 2019
12
 Motilal Oswal Financial Services
SBI
HDFC
ICICI Prudential
Reliance
Aditya Birla Sun Life
UTI
Kotak Mahindra
Franklin Templeton
Axis
DSP
L&T
Mirae Asset
Tata
IDFC
Sundaram
Motilal Oswal
Canara Robeco
Invesco
Principal
BNP Paribas
Fund Folio: Indian Mutual Fund Tracker | March 2019
IN ORDER OF EQUITY AUM, CLICK ON THE FUND NAME FOR DETAILS
FUNDS
SNAPSHOT
13
 Motilal Oswal Financial Services
SBI:
Equity AUM INR1398b
Top company holdings (%)
Feb-19
HDFC Bank
RIL
Infosys
ICICI Bank
ITC
HDFC
Kotak M Bank
SBI
TCS
Axis Bank
Chg MoM (pp)
8.9
0.0
0.1
6.1
5.2
4.5
4.4
4.2
3.5
3.1
3.0
2.9
-0.1
-0.3
0.0
-0.2
-0.1
-0.3
0.0
0.2
HDFC:
Equity AUM INR1347b
Top company holdings (%)
Feb-19
ICICI Bank
Infosys
SBI
L&T
HDFC Bank
RIL
ITC
NTPC
Axis Bank
Power Grid
3.1
3.0
2.4
2.2
5.8
5.3
4.6
4.6
Chg MoM (pp)
7.0
6.9
-0.1
0.0
-0.3
0.1
0.0
0.1
0.0
0.2
0.0
0.0
Banks Pvt
Technology
Cap Goods
Banks PSU
Oil & Gas
Utilities
NBFC
Healthcare
Auto
Chemicals
21.6
-0.2
0.1
-0.1
0.4
0.0
0.4
0.2
-0.2
-0.3
0.1
Weight (%)
Chg MoM (pp)
10.8
10.6
10.5
8.9
7.3
5.9
5.0
3.2
2.2
Weight (%)
Back to
Snapshot
Top sector allocation (%)
Banks Pvt
Technology
NBFC
Consumer
Oil & Gas
Auto
Cap Goods
Healthcare
Banks PSU
Cement
Top sector allocation (%)
Chg MoM (pp)
16.2
-0.1
0.0
11.6
0.2
10.0
-0.5
8.9
8.8
7.5
6.4
4.9
4.6
4.3
0.1
0.2
0.4
-0.1
0.1
-0.2
Top change by market value
Company
Emami
Axis Bank
RIL
Hero MotoCorp
HDFC Bank
Bajaj Finance
Yes Bank
Divis Lab
Cummins
Chalet Hotels
Scheme Name
SBI Focused Equity Fund (G)
SBI BlueChip Fund (G)
SBI Magnum Midcap Fund (G)
SBI Magnum Multicap Fund (G)
SBI Contra Fund (G)
Top change in weight (%)
Company
Emami
Hero MotoCorp
Axis Bank
RIL
Yes Bank
Chalet Hotels
Bajaj Finance
Divis Lab
Cummins
Bajaj Auto
Chg MoM Current
(pp)
Weight
0.56
0.66
0.21
0.91
0.20
2.94
0.12
6.07
0.11
0.60
0.10
0.14
0.10
1.49
0.10
1.45
0.09
0.41
0.07
0.60
Top change by market value
Company
NTPC
PFC
REC
Coal India
Tata Steel
Yes Bank
UPL
Balkrishna Inds
Cholaman.Inv.&Fn
Chalet Hotels
Scheme Name
HDFC Index Fund-Nifty 50 Plan
HDFC Mid-Cap Opportunities Fund (G)
HDFC Infrastructure Fund (G)
HDFC Long Term Advantage Fund (G)
HDFC Capital Builder Value Fund - (G)
Top change in weight (%)
Company
NTPC
PFC
REC
Coal India
RIL
Tata Steel
L&T
Yes Bank
UPL
Balkrishna Inds
Chg MoM Current
(pp)
Weight
0.22
2.99
0.17
1.62
0.15
1.19
0.12
1.32
0.10
4.55
0.10
1.61
0.09
5.27
0.08
0.42
0.07
0.61
0.07
0.90
Mkt Value Shares Chg
Chg (INR b)
('000)
7.88
20,264
3.45
5,838
3.09
2,295
3.05
1,140
1.88
958
1.70
431
1.67
1,703
1.67
-100
1.40
2,695
1.40
5,086
Mkt Value Shares Chg
Chg (INR b)
('000)
2.41
14,062
2.05
3,646
1.88
4,105
1.36
4,794
1.04
10
1.00
489
0.86
3
0.76
-336
0.73
277
0.72
2,608
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
35.8
31.3
1.2
204.0
189.7
-0.1
34.4
33.3
-0.5
64.5
61.6
-0.6
14.6
12.4
-0.7
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
5.6
5.7
-0.3
205.4
189.5
-0.3
7.8
7.5
-0.7
14.3
13.4
-0.8
41.6
39.9
-1.1
Fund Folio: Indian Mutual Fund Tracker | March 2019
14
 Motilal Oswal Financial Services
ICICI Prudential:
Equity AUM INR1263b
Top company holdings (%)
Feb-19
ITC
NTPC
SBI
Infosys
ICICI Bank
Axis Bank
Bharti Airtel
L&T
ONGC
HDFC Bank
Chg MoM (pp)
5.6
0.5
5.3
4.9
4.1
4.1
3.6
3.5
3.5
3.4
3.3
0.2
0.2
-0.2
-0.4
0.6
0.0
1.1
0.2
-0.4
Reliance:
Equity AUM INR946b
Top company holdings (%)
Feb-19
HDFC Bank
SBI
ICICI Bank
Axis Bank
Infosys
L&T
IOCL
RIL
ITC
Tata Steel
2.4
2.4
2.3
2.3
2.1
0.0
0.0
0.7
0.3
-0.7
-0.2
-0.4
-0.1
-0.1
0.2
Chg MoM (pp)
5.9
0.2
5.2
4.3
3.7
3.6
-0.4
0.1
0.2
0.1
0.1
-0.3
0.2
0.0
0.0
Chg MoM (pp)
13.7
Weight (%)
Banks Pvt
Cap Goods
Oil & Gas
Healthcare
Banks PSU
Auto
NBFC
Technology
Utilities
Consumer
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Utilities
Oil & Gas
Consumer
Technology
Auto
Healthcare
NBFC
Metals
Banks PSU
9.6
9.6
8.9
8.4
7.1
6.6
6.5
6.3
5.8
Top sector allocation (%)
Chg MoM (pp)
17.1
0.7
0.0
11.2
-0.3
9.0
0.2
-0.5
-0.2
-0.4
0.3
-0.3
0.0
7.4
7.2
6.7
6.6
5.4
4.6
4.5
Top change by market value
Company
L&T
ITC
Axis Bank
NTPC
SBI
ONGC
Kotak M Bank
RIL
Nalco
GAIL
Mkt Value Shares Chg
Chg (INR b)
('000)
14.83
11,818
9.73
37,295
9.69
14,591
6.19
39,042
5.07
36,333
3.91
12,538
3.56
3,250
2.95
2,360
2.89
68,223
2.82
7,362
Top change in weight (%)
Company
L&T
Axis Bank
ITC
NTPC
Kotak M Bank
Nalco
GAIL
SBI
RIL
ONGC
Chg MoM Current
(pp)
Weight
1.06
3.49
0.62
3.62
0.53
5.58
0.25
5.26
0.24
1.17
0.21
0.52
0.18
1.01
0.18
4.87
0.17
1.47
0.15
3.41
Top change by market value
Company
Chalet Hotels
TCS
Sun Pharma
Cipla
Bharti Airtel
Kotak M Bank
HPCL
Axis Bank
Ashok Leyland
RIL
Mkt Value Shares Chg
Chg (INR b)
('000)
2.46
8,927
2.11
1,089
1.91
2,709
1.09
1,523
1.08
2,549
1.01
1,047
1.01
5,603
0.93
2,180
0.90
7,577
0.88
664
Top change in weight (%)
Company
Chalet Hotels
Sun Pharma
TCS
HDFC Bank
Axis Bank
RIL
ICICI Bank
Bharti Airtel
Kotak M Bank
Cipla
Chg MoM Current
(pp)
Weight
0.26
0.30
0.25
1.66
0.23
0.57
0.22
5.86
0.20
3.70
0.16
2.28
0.15
4.31
0.14
0.87
0.13
0.90
0.13
0.47
Top scheme by NAV change
Scheme Name
ICICI Pru P.H.D Fund (G)
ICICI Pru Bharat Consumption Fund - Sr.1 (G)
ICICI Pru Value Fund - Series 15 - Regular (G)
ICICI Pru Multicap Fund - (G)
ICICI Pru Bluechip Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
Chg (%)
(INR B)
14.6
12.7
0.5
9.1
8.1
0.2
5.7
4.9
0.2
31.7
29.7
0.1
201.0
179.3
-0.1
Top scheme by NAV change
Scheme Name
Reliance Power & Infra Fund (G)
Reliance Focused Equity Fund (G)
Reliance Retirement Fund-Wealth Creation (G)
Reliance Value Fund (G)
Reliance Growth Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
Chg (%)
(INR B)
13.4
13.2
0.9
41.5
39.4
0.1
13.8
12.9
-0.1
30.1
29.0
-0.4
63.6
61.9
-0.4
Fund Folio: Indian Mutual Fund Tracker | March 2019
15
 Motilal Oswal Financial Services
Aditya Birla Sun Life:
Equity AUM INR794b
Top company holdings (%)
Feb-19
HDFC Bank
ICICI Bank
Infosys
RIL
ITC
SBI
HDFC
Kotak M Bank
Tech Mahindra
L&T
Chg MoM (pp)
6.8
-0.1
5.6
3.7
2.9
2.9
2.6
2.5
2.1
1.9
1.7
-0.3
-0.1
0.2
-0.3
-0.2
-0.1
0.5
0.2
0.0
UTI:
Equity AUM INR631b
Top company holdings (%)
Feb-19
HDFC Bank
Infosys
ICICI Bank
ITC
RIL
HDFC
TCS
Axis Bank
L&T
Maruti Suzuki
Chg MoM (pp)
6.1
0.1
-0.1
5.4
-0.1
4.4
0.0
3.8
3.3
3.3
3.1
2.4
2.2
2.1
0.2
0.0
0.0
0.0
0.0
0.1
Banks Pvt
Technology
Auto
Consumer
NBFC
Healthcare
Oil & Gas
Cap Goods
Chemicals
Utilities
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Consumer
NBFC
Technology
Healthcare
Cap Goods
Auto
Oil & Gas
Chemicals
Metals
Chg MoM (pp)
19.8
11.0
10.1
8.5
7.0
6.9
6.2
5.5
3.7
3.5
0.7
-0.4
-0.1
-0.1
-0.2
0.0
0.0
0.1
-0.2
-0.2
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
18.8
0.1
0.1
14.0
0.0
10.2
-0.1
9.7
0.1
8.9
-0.1
6.8
0.2
6.5
4.9
2.6
2.3
-0.1
-0.1
0.0
Top change by market value
Company
Kotak M Bank
Axis Bank
RIL
GRUH Finance
Tech Mahindra
NTPC
Emami
Coal India
Hero MotoCorp
Zee Ent.
Mkt Value Shares Chg
Chg (INR b)
('000)
4.28
3,872
3.42
5,045
1.35
1,039
1.30
4,497
1.24
-722
1.21
8,025
1.06
2,920
0.98
4,067
0.95
358
0.94
-818
Top change in weight (%)
Company
Kotak M Bank
Axis Bank
GRUH Finance
RIL
Tech Mahindra
NTPC
Emami
Coal India
Hero MotoCorp
Zee Ent.
Chg MoM Current
(pp)
Weight
0.54
2.08
0.43
1.56
0.16
0.29
0.16
2.89
0.15
1.88
0.15
1.07
0.13
0.36
0.12
0.50
0.12
0.38
0.12
0.85
Top change by market value
Company
Yes Bank
RIL
Tech Mahindra
HDFC Bank
Motherson Sumi
Maruti Suzuki
Sun Pharma
Bajaj Auto
Bajaj Finance
AB Capital
Mkt Value Shares Chg
Chg (INR b)
('000)
1.41
528
1.15
882
0.92
86
0.73
367
0.63
1,046
0.54
27
0.53
298
0.42
22
0.37
22
0.36
3,690
Top change in weight (%)
Company
Yes Bank
RIL
Tech Mahindra
Motherson Sumi
Sun Pharma
Maruti Suzuki
HDFC Bank
Bajaj Auto
AB Capital
Sun TV
Chg MoM Current
Weight
(pp)
0.22
1.29
0.16
3.29
0.14
1.15
0.10
0.57
0.08
1.33
0.07
2.08
0.07
6.09
0.06
0.48
0.06
0.09
0.05
0.40
Top scheme by NAV change
Scheme Name
Aditya Birla SL Infrastructure Fund - (G)
Aditya Birla SL Focused Equity Fund (G)
Aditya Birla SL MNC Fund - (G)
Aditya Birla SL Equity Advantage Fund (G)
Aditya Birla SL Dividend Yield Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
5.5
5.4
0.8
39.4
36.6
0.0
34.9
33.9
-0.4
53.1
51.4
-0.4
7.9
7.6
-0.4
Top scheme by NAV change
Scheme Name
UTI-Equity Fund (G)
UTI-Master Equity Plan Unit Scheme
UTI-Transportation & Logistics Fund (G)
UTI-Infrastructure Fund (G)
UTI-Nifty Index Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
86.5
84.7
0.7
17.5
17.3
0.3
13.8
13.0
0.1
12.6
12.4
-0.1
11.3
11.3
-0.2
Fund Folio: Indian Mutual Fund Tracker | March 2019
16
 Motilal Oswal Financial Services
Kotak Mahindra
:
Equity AUM INR519b
Top company holdings (%)
Feb-19
HDFC Bank
RIL
ICICI Bank
Axis Bank
Infosys
Kotak M Bank
SBI
L&T
TCS
HDFC
Chg MoM (pp)
8.4
0.1
6.9
1.0
-0.2
6.2
0.2
4.1
-0.1
1.6
-0.1
-0.1
0.2
0.0
Franklin:
Equity AUM INR478b
Top company holdings (%)
Feb-19
HDFC Bank
Axis Bank
ICICI Bank
Infosys
Bharti Airtel
SBI
Kotak M Bank
M&M
BPCL
IOCL
Chg MoM (pp)
7.9
0.0
0.1
4.9
4.3
3.9
3.1
2.6
2.3
1.9
1.9
1.8
-0.1
-0.1
0.2
-0.1
-0.2
0.0
-0.1
0.1
Weight (%)
Banks Pvt
Auto
Technology
Oil & Gas
Healthcare
Cap Goods
Consumer
Cement
Telecom
Chemicals
8.9
8.5
7.7
6.0
5.9
5.5
5.4
3.9
3.8
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Oil & Gas
NBFC
Consumer
Technology
Cap Goods
Auto
Cement
Healthcare
Banks PSU
Chg MoM (pp)
26.2
1.8
0.9
11.3
Top sector allocation (%)
Chg MoM (pp)
22.7
-0.1
-0.4
0.1
0.1
-0.4
0.3
-0.1
0.5
0.2
0.0
8.8
8.2
6.9
6.4
5.7
4.9
4.5
3.8
3.4
3.1
3.0
2.6
2.5
2.2
-0.8
0.1
0.1
-0.2
0.3
-0.4
-0.3
-0.5
Top change by market value
Company
Kotak M Bank
RIL
HDFC Bank
Axis Bank
SRF
GCPL
TCS
Dr Reddys Lab
Yes Bank
JSPL
Mkt Value Shares Chg
Chg (INR b)
('000)
8.40
7,138
5.94
4,753
1.96
967
1.60
2,762
1.35
430
1.25
2,077
1.19
692
0.97
392
0.84
494
0.75
1,557
Top change in weight (%)
Company
Kotak M Bank
RIL
SRF
GCPL
Axis Bank
Dr Reddys Lab
TCS
ACC
Yes Bank
JSPL
Chg MoM Current
(pp)
Weight
1.57
3.09
0.95
6.85
0.24
0.75
0.22
0.80
0.18
4.15
0.18
0.53
0.15
2.52
0.14
0.32
0.14
0.89
0.12
0.75
Top change by market value
Company
Yes Bank
Grasim Inds
Nalco
Tech Mahindra
Bharti Airtel
L&T
Ashok Leyland
Apollo Hospitals
Petronet LNG
UltraTech
Mkt Value Shares Chg
Chg (INR b)
('000)
1.20
0
0.77
435
0.65
13,406
0.56
-200
0.56
57
0.53
500
0.51
5,519
0.47
600
0.46
2,500
0.41
0
Top change in weight (%)
Company
Yes Bank
Grasim Inds
Bharti Airtel
Nalco
Tech Mahindra
L&T
Petronet LNG
Ashok Leyland
Apollo Hospitals
UltraTech
Chg MoM Current
(pp)
Weight
0.27
1.57
0.18
1.33
0.15
3.08
0.14
0.18
0.13
1.25
0.13
1.65
0.11
1.30
0.11
0.22
0.10
0.41
0.10
1.08
Top scheme by NAV change
Scheme Name
Kotak Emerging Equity Fund (G)
Kotak Infrastructure & Economic Reform-SP (G)
Kotak Bluechip Fund (G)
Kotak Equity Opportunities (G)
Kotak Standard Multicap Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
35.4
34.6
0.8
3.6
3.6
0.5
13.3
13.0
0.2
23.1
22.9
-0.1
216.8
204.7
-0.6
Top scheme by NAV change
Scheme Name
Templeton India Value Fund - (G)
Franklin India Bluechip Fund - (G)
Franklin India Prima Fund - (G)
Franklin India Equity Fund - (G)
Franklin India Taxshield - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
5.2
4.9
0.3
76.0
70.3
0.1
64.9
61.1
-0.2
111.5
107.8
-0.3
36.7
34.9
-0.9
Fund Folio: Indian Mutual Fund Tracker | March 2019
17
 Motilal Oswal Financial Services
Axis:
Equity AUM INR407b
Top company holdings (%)
Feb-19
TCS
HDFC Bank
Bajaj Finance
Kotak M Bank
Pidilite
HDFC
Maruti Suzuki
Avenue Super.
Info Edge
GRUH Finance
2.8
2.5
4.9
4.9
4.7
4.3
Chg MoM (pp)
7.8
-0.2
7.7
7.5
6.7
-0.5
0.2
0.2
0.2
-0.5
0.0
0.6
0.2
0.3
DSP
:
Equity AUM INR351b
Top company holdings (%)
Feb-19
HDFC Bank
ICICI Bank
L&T
RIL
Bajaj Finance
Axis Bank
Ipca Lab
Infosys
RBL Bank
Maruti Suzuki
2.7
2.3
2.3
2.3
2.0
1.9
1.5
1.5
Chg MoM (pp)
6.2
-0.1
5.3
0.0
-0.1
0.1
-0.2
0.2
0.2
0.1
0.1
-0.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
NBFC
Banks Pvt
Technology
Auto
Consumer
Retail
Chemicals
Cap Goods
Healthcare
Utilities
Chg MoM (pp)
20.2
0.4
19.9
-1.0
-0.4
13.4
0.0
11.9
0.2
9.0
0.6
5.4
0.2
5.3
-0.2
3.9
0.1
2.8
0.1
1.9
Top sector allocation (%)
Weight (%)
Banks Pvt
NBFC
Cap Goods
Healthcare
Consumer
Auto
Technology
Chemicals
Oil & Gas
Cement
Chg MoM (pp)
19.0
0.3
-1.0
8.7
-0.2
0.1
0.5
0.1
0.2
-0.3
0.3
0.3
8.3
8.1
7.3
6.8
5.9
5.4
5.3
4.8
Top change by market value
Company
Avenue Super.
Bajaj Finance
Kotak M Bank
Pidilite
Sundaram Finance
GRUH Finance
Divis Lab
Info Edge
Maruti Suzuki
Supreme Inds
Mkt Value Shares Chg
Chg (INR b)
('000)
3.12
1,568
2.46
623
2.32
2,613
2.01
1,552
1.88
513
1.77
304
1.42
537
1.34
613
1.25
110
1.21
624
Top change in weight (%)
Company
Avenue Super.
Sundaram Finance
GRUH Finance
Divis Lab
Supreme Inds
Pidilite
Kotak M Bank
Bajaj Finance
WABCO India
Info Edge
Chg MoM Current
(pp)
Weight
0.55
4.26
0.37
2.00
0.30
2.55
0.27
1.67
0.25
1.12
0.22
4.88
0.19
6.70
0.18
7.52
0.18
1.41
0.18
2.78
Top change by market value
Company
HUL
Kotak M Bank
Tata Steel
TCS
Nestle
Balkrishna Inds
Bata India
Axis Bank
Ipca Lab
Manappuram Fin
Mkt Value Shares Chg
Chg (INR b)
('000)
2.59
1,494
1.51
1,339
1.28
2,408
1.21
631
1.00
110
0.64
649
0.59
458
0.58
1,005
0.57
285
0.52
0
Top change in weight (%)
Company
HUL
Kotak M Bank
Tata Steel
TCS
Nestle India
Balkrishna Inds
Bata India
Axis Bank
Ipca Lab
Manappuram Fin
Chg MoM Current
(pp)
Weight
0.74
0.75
0.43
1.37
0.36
0.82
0.34
1.20
0.28
0.92
0.18
0.37
0.17
0.17
0.15
2.25
0.15
2.02
0.15
0.81
Top scheme by NAV change
Scheme Name
AXIS Emerging Opportunities Fund - Sr.2 (G)
AXIS Emerging Opportunities Fund - Sr.1 (G)
AXIS Midcap Fund (G)
AXIS Focused 25 Fund (G)
AXIS Long Term Equity Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
12.0
11.5
2.5
5.5
5.3
2.5
18.9
15.3
2.4
67.6
65.4
2.2
174.3
170.0
2.1
Top scheme by NAV change
Scheme Name
DSP Midcap Fund (G)
DSP Equity Fund (G)
DSP A.C.E. Fund - Series 1 (G)
DSP Top 100 Equity Fund (G)
DSP Focus Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
56.3
51.6
1.3
24.8
24.4
0.5
5.4
5.3
0.4
25.6
25.3
0.0
20.3
20.3
-0.1
Fund Folio: Indian Mutual Fund Tracker | March 2019
18
 Motilal Oswal Financial Services
L&T:
Equity AUM INR342b
Top company holdings (%)
Feb-19
RIL
ICICI Bank
HDFC Bank
L&T
HDFC
Infosys
Axis Bank
Ramco Cem.
TCS
Future Retail
2.7
2.6
2.6
2.4
2.4
2.2
Chg MoM (pp)
4.2
4.2
3.7
3.5
0.4
-0.1
0.2
0.0
-0.2
0.3
0.1
0.3
0.0
0.1
Banks Pvt
Cap Goods
Technology
Cement
Healthcare
Oil & Gas
NBFC
Consumer
Auto
Chemicals
Mirae Asset:
Equity AUM INR200b
Top company holdings (%)
Feb-19
HDFC Bank
RIL
ICICI Bank
Axis Bank
sBI
Infosys
Tata Steel
Kotak M Bank
TCS
ITC
3.0
2.9
2.7
2.7
2.6
2.3
Chg MoM (pp)
7.7
0.0
0.0
5.2
5.0
4.9
-0.1
-0.2
-0.3
0.0
0.1
-0.1
-0.1
0.0
Weight (%)
Chg MoM (pp)
Weight (%)
Banks Pvt
Healthcare
Technology
Oil & Gas
Consumer
Auto
Cap Goods
NBFC
Metals
Utilities
14.3
0.0
-0.6
10.6
0.8
10.1
0.5
6.8
0.1
6.4
0.4
6.2
-0.6
5.8
0.3
5.8
-0.2
4.4
-0.5
4.1
11.4
9.7
8.8
7.6
7.1
6.7
5.9
4.1
3.3
Back to
Snapshot
Top sector allocation (%)
Top sector allocation (%)
Chg MoM (pp)
22.1
-0.4
1.0
-0.3
-0.3
-0.1
0.2
0.0
-0.2
-0.1
0.9
Top change by market value
Company
RIL
Ramco Cem.
Emami
Infosys
Tech Mahindra
Jubilant Food
Sun TV
Supreme Inds
Bharti Airtel
Finolex Cables
Mkt Value Shares Chg
Chg (INR b)
('000)
1.20
941
0.87
0
0.80
2,303
0.78
1,290
0.73
639
0.56
442
0.47
268
0.41
0
0.38
778
0.37
1,004
Top change in weight (%)
Company
RIL
Ramco Cem.
Infosys
Emami
Tech Mahindra
Jubilant Food
HDFC Bank
Sun TV
Future Retail
Supreme Inds
Chg MoM Current
Weight
(pp)
0.41
4.20
0.29
2.44
0.26
2.64
0.24
0.89
0.22
0.64
0.16
0.16
0.16
3.73
0.15
0.75
0.13
2.18
0.13
0.93
Top change by market value
Company
NTPC
Ajanta Pharma
Balkrishna Inds
Eicher Motors
Dr Reddys Lab
Divis Lab
Colgate
Tata Steel
Exide Inds
Ipca Lab
Mkt Value Shares Chg
Chg (INR b)
('000)
1.61
11,309
1.53
1,567
1.09
1,133
0.60
30
0.51
201
0.40
0
0.27
231
0.26
4
0.25
1,441
0.24
250
Top change in weight (%)
Company
NTPC
Ajanta Pharma
Balkrishna Inds
Eicher Motors
Dr Reddys Lab
Divis Lab
Colgate
Ipca Lab
Exide Inds
Zee Ent.
Chg MoM Current
(pp)
Weight
0.79
1.52
0.76
0.82
0.54
1.01
0.30
0.30
0.25
0.53
0.16
2.22
0.13
0.65
0.11
0.48
0.11
1.17
0.10
1.07
Top scheme by NAV change
Scheme Name
L&T Infrastructure Fund (G)
L&T Focused Equity Fund (G)
L&T Equity Fund (G)
L&T India Value Fund (G)
L&T Emerging Businesses Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
17.9
16.6
0.3
5.3
4.7
-0.5
25.2
24.5
-0.9
77.3
75.5
-1.1
55.2
49.4
-1.2
Top scheme by NAV change
Scheme Name
Mirae Asset Emerging Bluechip Fund (G)
Mirae Asset Tax Saver Fund (G)
Mirae Asset India Equity Fund (G)
Mirae Asset Healthcare Fund - Regular (G)
Mirae Asset Great Consumer Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
64.4
64.2
-0.7
13.8
13.6
-0.8
105.6
101.2
-0.8
3.3
3.2
-1.3
6.5
6.2
-1.7
Fund Folio: Indian Mutual Fund Tracker | March 2019
19
 Motilal Oswal Financial Services
Tata:
Equity AUM INR199b
Top company holdings (%)
Feb-19
HDFC Bank
ITC
ICICI Bank
HDFC
RIL
L&T
Infosys
Bajaj Auto
Kotak M Bank
TCS
Chg MoM (pp)
6.9
-0.4
5.4
-0.2
-0.1
4.8
-0.3
4.3
-0.1
4.2
3.3
3.2
3.0
2.9
2.7
-0.1
0.2
0.2
-0.1
0.0
Banks Pvt
Consumer
NBFC
Technology
Auto
Cap Goods
Oil & Gas
Healthcare
Cement
Retail
IDFC:
Equity AUM INR190b
Top company holdings (%)
Feb-19
ICICI Bank
HDFC Bank
Infosys
Axis Bank
RIL
RBL Bank
Aurobindo
Future Retail
Kotak M Bank
L&T
2.2
1.9
1.7
1.6
1.6
3.0
Chg MoM (pp)
4.5
0.0
3.8
0.0
3.8
3.4
0.1
0.0
0.2
0.0
0.3
0.0
0.2
0.0
Weight (%)
Chg MoM (pp)
Weight (%)
Banks Pvt
Cap Goods
Consumer
Auto
Technology
Healthcare
NBFC
Retail
Oil & Gas
Chemicals
9.1
8.7
7.5
6.9
6.8
6.5
4.8
4.7
3.5
17.7
-0.7
15.5
-0.2
0.2
10.3
0.3
10.0
0.1
9.5
-0.1
7.3
0.0
6.7
0.0
3.2
0.7
2.7
-0.1
2.4
Back to
Snapshot
Top sector allocation (%)
Top sector allocation (%)
Chg MoM (pp)
17.5
0.3
0.1
-0.5
-0.4
0.2
0.2
-0.2
0.6
0.2
-0.3
Top change by market value
Company
ACC
Bajaj Auto
United Spirits
Infosys
Zee Ent.
Ipca Lab
Tech Mahindra
Voltas
Bata India
Bajaj Finserv
Mkt Value Shares Chg
Chg (INR b)
('000)
1.52
1,068
0.73
7
0.71
1,261
0.70
1,114
0.60
1,286
0.57
675
0.51
33
0.46
685
0.40
0
0.39
49
Top change in weight (%)
Company
ACC
United Spirits
Zee Ent.
Ipca Lab
Bajaj Auto
Infosys
Voltas
Tech Mahindra
Bajaj Finserv
Sundaram Finance
Chg MoM Current
(pp)
Weight
0.76
0.80
0.31
1.19
0.30
0.30
0.28
0.56
0.23
2.99
0.21
3.19
0.19
1.03
0.17
2.08
0.17
0.79
0.16
0.87
Top change by market value
Company
Titan Co.
Birlasoft (India)
Aurobindo
JSW Steel
Kotak M Bank
RIL
Emami
JSPL
NCC
3M India
Mkt Value Shares Chg
Chg (INR b)
('000)
0.81
745
0.71
6,549
0.60
1,253
0.45
1,576
0.38
388
0.34
263
0.34
913
0.34
679
0.31
2,750
0.28
1
Top change in weight (%)
Company
Titan Co.
Birlasoft (India)
Aurobindo
JSW Steel
Kotak M Bank
RIL
Emami
JSPL
NCC
3M India
Chg MoM Current
Weight
(pp)
0.43
1.19
0.37
0.37
0.32
1.93
0.24
0.45
0.20
1.60
0.18
2.97
0.18
0.37
0.18
0.94
0.16
0.70
0.15
1.19
Top scheme by NAV change
Scheme Name
Tata Value Fund - Series 1 - Regular (G)
Tata Equity P/E Fund - (G)
Tata Mid Cap Growth Fund - (G)
Tata India Consumer Fund (G)
Tata Multicap Fund - Regular (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
7.1
6.8
1.0
51.2
48.1
0.8
6.1
5.7
0.8
14.1
12.8
0.0
14.2
12.8
-0.3
Top scheme by NAV change
Scheme Name
IDFC Multi Cap Fund (G)
IDFC Tax Advantage (ELSS) Fund (G)
IDFC Sterling Value Fund (G)
IDFC Equity Opportunity - Series 5 (G)
IDFC Core Equity Fund (G)
Total AUM Equity AUM MoM NAV
Chg (%)
(INR B)
(INR B)
51.9
48.1
-0.3
17.4
16.5
-0.4
28.9
27.5
-0.4
5.3
5.2
-0.5
28.0
26.9
-1.0
Fund Folio: Indian Mutual Fund Tracker | March 2019
20
 Motilal Oswal Financial Services
Sundaram:
Equity AUM INR175b
Top company holdings (%)
Feb-19
HDFC Bank
ICICI Bank
Ramco Cem.
ITC
Axis Bank
AB Fashion
Infosys
RIL
Quess Corp
SBI
1.8
1.7
1.7
1.6
1.5
1.5
1.4
Chg MoM (pp)
3.0
2.8
2.3
0.0
-0.1
0.2
0.0
0.1
0.1
-0.1
0.4
0.2
-0.2
Banks Pvt
Consumer
Cap Goods
Auto
NBFC
Technology
Cement
Chemicals
Healthcare
Retail
Motilal Oswal :
Equity AUM INR172b
Top company holdings (%)
Feb-19
HDFC Bank
HDFC
Infosys
L&T
Axis Bank
Bajaj Finance
Maruti Suzuki
RBL Bank
Eicher Motors
United Spirits
13.2
12.1
10.4
9.3
8.3
8.1
5.0
4.8
4.5
3.6
0.1
0.0
-0.1
-0.4
-0.2
0.2
0.4
-0.3
-0.3
0.1
Chg MoM (pp)
8.6
0.0
-0.3
6.0
-0.2
6.0
5.1
4.6
4.4
4.3
3.8
3.7
3.6
-0.1
0.7
0.1
0.0
0.1
0.0
0.3
Chg MoM (pp)
Weight (%)
Banks Pvt
NBFC
Technology
Auto
Oil & Gas
Healthcare
Cap Goods
Consumer
Retail
Textiles
2.2
0.5
7.5
6.9
6.7
6.6
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Top sector allocation (%)
Chg MoM (pp)
22.2
-0.1
16.9
-0.2
-0.4
12.6
11.4
0.2
-0.2
0.3
0.0
0.6
0.1
0.1
Top change by market value
Company
RIL
GAIL
Dr Reddys Lab
Ramco Cem.
Quess Corp
Kotak M Bank
Axis Bank
Tube Investments
Emami
ICICI Lombard
Scheme Name
Sundaram Services Fund - Regular (G)
Sundaram Infrastructure Advantage Fund (G)
Sundaram Diversified Equity (G)
Sundaram Rural and Consumption Fund (G)
Sundaram Small Cap Fund (G)
Top change in weight (%)
Company
RIL
GAIL
Dr Reddys Lab
Ramco Cem.
Quess Corp
Kotak M Bank
Tube Investments
Axis Bank
Emami
ICICI Lombard
Chg MoM Current
(pp)
Weight
0.41
1.50
0.26
0.30
0.25
0.56
0.24
2.31
0.19
1.49
0.17
0.94
0.15
0.15
0.15
1.75
0.13
0.63
0.12
1.02
Top change by market value
Company
Axis Bank
United Spirits
Britannia
Bata India
Jubilant Life
Ashok Leyland
Ipca Lab
Alkem Lab
Bajaj Finance
Titan Co.
Scheme Name
Motilal
Motilal
Motilal
Motilal
Oswal
Oswal
Oswal
Oswal
Midcap 30 Fund (G)
Long Term Equity Fund (G)
Multicap 35 Fund (G)
Focused 25 Fund (G)
Top change in weight (%)
Company
Axis Bank
United Spirits
Britannia
Bata India
Jubilant Life
Ashok Leyland
Ipca Lab
Alkem Lab
Bajaj Finance
Quess Corp
Chg MoM Current
Weight
(pp)
0.70
4.64
0.30
3.64
0.27
2.43
0.23
0.23
0.22
1.96
0.16
1.53
0.15
0.33
0.14
0.76
0.12
4.45
0.09
0.73
Mkt Value Shares Chg
Chg (INR b)
('000)
0.73
585
0.46
1,343
0.44
175
0.42
0
0.34
25
0.30
281
0.26
435
0.26
713
0.24
705
0.22
136
Mkt Value Shares Chg
Chg (INR b)
('000)
1.20
1,870
0.52
826
0.46
206
0.39
300
0.37
39
0.28
1,482
0.26
300
0.25
187
0.21
0
0.16
47
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
10.8
7.5
0.0
5.6
5.5
0.0
25.5
25.2
-0.1
23.3
22.2
-0.8
10.4
10.0
-0.8
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
Chg (%)
(INR B)
12.8
12.6
1.3
11.7
11.3
0.6
127.0
124.6
-0.5
10.3
10.2
-1.2
Motilal Oswal Securities Limited is the Sponsor of Motilal Oswal Mutual Fund. The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial
contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Fund Folio: Indian Mutual Fund Tracker | March 2019
21
 Motilal Oswal Financial Services
Canara Robeco:
Equity AUM INR81b
Top company holdings (%)
Feb-19
HDFC Bank
ICICI Bank
RIL
Axis Bank
Infosys
Kotak M Bank
L&T
SBI
TCS
ITC
2.6
2.4
4.9
4.6
4.2
4.1
3.8
3.7
Chg MoM (pp)
7.3
-0.2
6.7
-0.4
-0.1
-0.1
-0.2
0.4
-0.2
-0.4
-0.3
-0.1
Invesco:
Equity AUM INR77b
Top company holdings (%)
Feb-19
HDFC Bank
ICICI Bank
RIL
Axis Bank
Infosys
L&T
IndusInd Bank
Maruti Suzuki
Exide Inds
Apollo Hospitals
3.9
3.9
3.3
2.2
2.2
2.2
1.9
Chg MoM (pp)
8.3
0.0
6.2
6.0
-0.2
0.0
0.2
-0.2
0.1
-0.3
0.2
0.1
-0.1
Weight (%)
Banks Pvt
Oil & Gas
Technology
NBFC
Auto