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Amid the recent decline in the market, the largest cash holdings in the month of March are with major fund houses like PPFAS Mutual Fund (21.9%), Motilal Oswal Mutual Fund (17.8%) and Quant Mutual Fund (10.3%). This information was received in a recent report of Motilal Oswal. At the same time, Mirae Asset Mutual Fund (1.3%) and Kotak Mahindra Mutual Fund (2.5%) have the lowest cash holdings.
According to the report, the total equity value of the top-20 AMCs grew 7.5% month-on-month in March 2025. Among the top-10 funds, the highest monthly gains were seen in Nippon India Mutual Fund (9.6%), Axis Mutual Fund (8.3%), Kotak Mahindra Mutual Fund (8%), DSP Mutual Fund (7.8%) and UTI Mutual Fund (7.5%).
Stocks that saw the most purchases
During the month of March, mutual funds bought 52% of Nifty 50 stocks, with Jio Financial (18%), Tata Consumer (12.8%), Eternal/Zomato (10.2%) and Bajaj Finserv (7.5%) seeing the highest monthly net purchases. They were also net buyers in 53% of Nifty Midcap 100 stocks and nearly 73% of Nifty Smallcap 100 stocks.
How big is the AUM in FY 2025? The Indian mutual fund (MF) industry closed FY25 with a 23% year-on-year rise in total AUM, which rose by Rs 12.3 lakh crore to Rs 65.7 lakh crore. This growth was mainly driven by the performance of equity funds (₹66,600 crore), liquid funds (₹15,800 crore), other exchange-traded funds (ETFs) (₹11,560 crore), balanced funds (₹10,960 crore) and income funds (₹9,330 crore). According to the report, investor contributions to SIPs also saw a significant rise, with a total inflow of Rs 25,930 crore in March 2025, a growth of 34.5% year-on-year, however, a decline of 0.3% on a monthly basis. Which sectors are the biggest bets? A key trend in FY2025 was a strategic shift in sector allocations in equity funds, according to the report. The weightage of defensive sectors increased by 30 basis points to 29.7%, led by higher exposure to telecom and healthcare. Healthcare in particular saw its weightage increase by 20 basis points to 7.6%, moving it to fourth from fifth in FY24. Technology, on the other hand, saw its weightage reduced by 20 basis points to 8.5% while maintaining its ranking in the portfolio. Domestic cyclicals continued to be a key part of portfolio construction, with their weightage increasing by 30 basis points to 61.5%, the report said. This growth was driven by higher allocations to private banks, retail, insurance, real estate, infrastructure and cement. Private banks saw the highest growth, with their weightage increasing by 150 basis points to 18.4%. On the other hand, the weightage of PSU banks fell by 60 basis points to 2.8%.
Read More: US Market: Sharp decline in US stock market, Dow falls by 1100 points, what is the reason?
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