Dhan Mutual Funds Insights for Dec 2024

Hello, Investors!
As we close the year, it’s crucial to step back and see where the tides have taken us in the mutual fund seas. December brought us some intriguing twists and turns in the market. Here’s the deep dive into the trends, triumphs, and tribulations for the month of December.

:chart_with_upwards_trend: Industry Highlights.

  • Mutual Fund AUM All-Time high : Total assets under management (AUM) experienced a slight dip to ₹66.93 lakh crore, primarily due to tax-time financial strategies affecting debt funds. Nonetheless, the year-on-year growth remains robust at 31.81%.

  • Folio Growth: The mutual fund industry added approximately 41.89 lakh new folios in December 2024, primarily driven by equity-oriented schemes. This marks the 49th consecutive month of positive folio growth, underscoring sustained retail interest and confidence.


Source: AMFI, CRISIL MI&A Research

:briefcase: Types of Mutual Funds and Their Performance

:bar_chart: Key Highlights and Unique Observations:

  • Equity Funds: Saw significant inflows of ₹41,156 crore, driven by impressive activity in mid-cap funds, which recorded the highest-ever monthly inflow.
  • Debt Funds: Closed the month at ₹15.67 lakh crore, facing a notable reduction due to seasonal financial activities, but long-duration and gilt funds saw positive flows, benefitting from the anticipation of rate cuts.
  • Hybrid Funds: Maintained stability with AUM at ₹8.77 lakh crore, led by multi-asset-allocation funds which saw substantial inflows.
  • Passive Funds: Continued to attract investments with ₹784 crore in inflows, showing sustained interest in index funds despite market downturns.
  • Gold ETFs : Despite market volatility, they managed to secure steady investments, underscoring their status as a safe-haven asset.

:bulb: SIP (Systematic Investment Plan) Insights

SIP contributions remained robust at ₹26,459 crore, demonstrating a steady commitment from investors amidst market fluctuations.

The number of SIP accounts increased, reflecting ongoing interest and confidence in systematic investments as a long-term strategy.

Asset Contribution: SIPs contributed significantly to the overall mutual fund assets, accounting for approximately 20.4% of the industry’s total AUM.

:star2: New Schemes Launched in Dec’24

Category Scheme Name Fund House
Debt Fund Franklin India Long Duration Fund Franklin Templeton
Mirae Asset Long Duration Fund Mirae Asset
Equity Fund Groww Multicap Fund Groww
Aditya Birla Sun Life Conglomerate Fund Aditya Birla Sun Life
Axis Momentum Fund Axis Mutual Fund
Bajaj Finserv Healthcare Fund Bajaj Finserv
Bank of India Consumption Fund Bank of India
DSP Business Cycle Fund DSP Mutual Fund
ICICI Prudential Equity Minimum Variance Fund ICICI Prudential
Kotak Transportation & Logistics Fund Kotak Mahindra
PGIM India Healthcare Fund PGIM India
Quantum Ethical Fund Quantum
SBI Quant Fund SBI Mutual Fund
Shriram Multi Sector Rotation Fund Shriram Mutual Fund
Union Active Momentum Fund Union Mutual Fund
Hybrid Fund Invesco India Multi Asset Allocation Fund Invesco Mutual Fund
Samco Multi Asset Allocation Fund Samco Mutual Fund
Motilal Oswal Arbitrage Fund Motilal Oswal
Solution Oriented Fund Baroda BNP Paribas Childrens Fund Baroda BNP Paribas
Other Schemes Aditya Birla Sun Life BSE India Infrastructure Index Fund Aditya Birla Sun Life
Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund Aditya Birla Sun Life
Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund Axis Mutual Fund
Bandhan Nifty 200 Quality 30 Index Fund Bandhan Mutual Fund
HDFC Nifty India Digital Index Fund HDFC Mutual Fund
ICICI Prudential Nifty 500 Index Fund ICICI Prudential
Kotak Nifty 100 Equal Weight Index Fund Kotak Mahindra
Kotak Nifty 50 Equal Weight Index Fund Kotak Mahindra
Motilal Oswal Nifty Capital Market Index Fund Motilal Oswal
Nippon India Nifty Realty Index Fund Nippon India
Nippon India Nifty Auto Index Fund Nippon India
Tata BSE Select Business Groups Index Fund Tata Mutual Fund
Edelweiss BSE Capital Markets & Insurance ETF Edelweiss
Mirae Asset Nifty India New Age Consumption ETF Mirae Asset

Happy Investing,

1 Like

As you may be aware that Quant Fund found to be involved in front running.
It’s an unethical practice.
Should one quit from Quant on account of this immoral practice

Recent reports suggest that insider trading seems to be quite common in the industry.

It requires strong morals and ethics to avoid engaging in these practices that can be quite profitable.

Thanks for your input.
Kindly shares names of Fund house allegedly found to be involved in front running for last five years.
I would like to keep them at arm length and would prefer not to invest.
I had quit from all MFs managed by Axis.

Front running don’t matter as long as the fund delivers superior returns. Palms need to be greased a bit and that’s a good thing in the finance industry.

Besides the case has been settled without admission or denial of the facts.

How one can delete external mutual fund portfolio from Dhan app