MF holdings in Nifty firms at 10-year high

Domestic mutual funds (MFs), which pumped in a record Rs 25,000 crore in equities during the quarter ended September this year, have seen their holding in Nifty 50 companies touch the highest in a decade.The shareholding data for the September quarter filed by these companies with stock exchanges showed MFs’ holding in Nifty 50 companies increased to 4.6 per cent in July-September from 4.1 per cent in the June quarter. In the September 2002 quarter, MFs held 4.8 per cent stake in Nifty 50 companies, Capitaline Plus data show. Since the Narendra Modi-led National Democratic Alliance government came to power at the Centre, fund managers have been bullish on the markets. Their combined holdings in Nifty 50 companies have increased 130 basis points, compared with 3.3 per cent in the quarter ended June 2014.    Himanshu Tiwari Astrologer Blog

With a net investment of Rs 91,105 crore, September marks the 17th consecutive month of net investment by mutual funds in equity markets, data show, Continuing their uptrend for the fourth consecutive quarter, retail mutual fund folios also rose in the September quarter by a record 1.51 million to 42.40 million. Overall, folios rose by 1.67 million or 3.9% in the September quarter, according to rating agency Crisil.     Financial Astrology

Navneet Munot, chief investment officer (CIO), SBI Funds Management, says: “Existing mutual fund schemes have seen inflows from investors. This has largely been due to the shifting of portfolios from physical assets to financial assets by domestic investors. Given the fresh flows, mutual funds’ relative holdings across the board, including Nifty 50 companies, has also seen a rise. I expect this trend to continue through the next year, with inflows from both retail and institutional investors coming in.”Of the Nifty 50 companies,      Personal Numerology

"The fact that interest rates are coming down and the latest 50 bps cut by the Reserve Bank of India (RBI) has enthused investors. That's why we perhaps saw some buying in the banking stocks. Mutual funds were probably a little less invested in the Banking, Financial services and Insurance (BFSI) segment, particularly the PSU side," says Taher Badshah, senior fund manager and co-head of equities at Motilal Oswal Asset Management.   Indian stock market astrology prediction