How does the fund deployment by equity funds look like in the last month and how to interpret it?
Answer
Answer
I will present the data to you on a sector wise basis. This will give you an idea of how much of the equity AUM has actually gone into various sectors.
Sector Classification (as per AMFI) and Derivative Exposure
Assets Under Management
Amount (in Crs.)
% of Equity AUM
AUTO
39984.92
3.37
AUTO ANCILLARIES
25103.57
2.12
BANKS
298785.74
25.18
CEMENT
33814.44
2.85
CHEMICALS
19124.72
1.61
CONSTRUCTION
11336.4
0.96
CONSTRUCTION PROJECT
42311.49
3.57
CONSUMER DURABLES
29609.02
2.50
CONSUMER NON DURABLES
92440.28
7.79
DIVERSIFIED
516.21
0.04
ENGINEERING
116.52
0.01
FERROUS METALS
12684.14
1.07
FERTILISERS
2910.07
0.25
FINANCE
119466.22
10.07
GAS
16086
1.36
HARDWARE
62.82
0.01
HEALTHCARE SERVICES
4576.56
0.39
HOTELS
8706.08
0.73
INDUSTRIAL CAPITAL GOODS
21085.66
1.78
INDUSTRIAL PRODUCTS
25037.6
2.11
MEDIA AND ENTERTAINMENT
6696.36
0.56
MINERALS/MINING
8976.25
0.76
NON - FERROUS METALS
13584.66
1.14
OIL
8299.85
0.70
PAPER
719.06
0.06
PESTICIDES
7858.28
0.66
PETROLEUM PRODUCTS
77476.03
6.53
PHARMACEUTICALS
61325.12
5.17
POWER
37387.77
3.15
RETAILING
13449.61
1.13
SOFTWARE
96038.47
8.09
TELECOM - EQUIPMENT AND ACCESSORIES
1251.81
0.11
TELECOM - SERVICES
21672.45
1.83
TEXTILE - COTTON
1070.33
0.09
TEXTILE - SYNTHETIC
90.12
0.01
TEXTILE PRODUCTS
6394.81
0.54
TRADING
509.72
0.04
TRANSPORTATION
13461.63
1.13
DERIVATIVES
-1852.53
(0.16)
OTHERS
8431.66
0.71
Total
1186599.92
100
What can you conclude from the above table? Clearly, the big percentage of new flows is still into the banking sector which has the highest weightage in the overall market index too. Actually, if you add up the financials also, then the actual focus is closer to 36%. Pharma has seen some interest although it has declined substantially in the last few years.