Indian Equities Sector Wrap-Up

By Morningstar Analysts |  13-04-18 | 

Morningstar India's fund research team has released its Indian Equities Sector Wrap-Up, an annual publication that aims to showcase our insights and observations in this dynamic and popular asset class. This includes our reviews of 66 strategies across four Morningstar categories: ELSS (Tax Saving), Flexicap, Largecap and Small/mid-cap equity category.

You can download the entire report here.

Below are a few extracts from the report.

Funds upgraded by our analysts in 2017

  • DSP BlackRock Opportunities
  • IDFC Sterling Equity
  • Reliance Tax Saver
  • ICICI Prudential Dynamic
  • ICICI Prudential Focused Bluechip Equity
  • ICICI Prudential Top 100

Funds downgraded by our analysts in 2017

  • Franklin India Flexi Cap
  • Franklin India Taxshield
  • Sundaram Select Mid Cap

Fund coverage initiated in 2017

  • Axis Long Term Equity
  • HDFC Small Cap
  • UTI Mid Cap
  • Mirae Asset Emerging Bluechip
  • Mirae Asset India Opportunities

Favourite sectors of fund managers

The equity portfolio managers continue to position their portfolio to benefit from the turnaround in the Indian economy and low interest rate scenario in the country. Sectors from the cyclical space (such as basic materials, consumer cyclical and financial services) which are rate-sensitive in nature have been favorite among the Indian managers for a long time now as these three-combine account for more than 50% of the portfolios of equity funds.

fund research

Equity flows

The mutual fund industry AuM has more than doubled since 2014. Since the demonetization announcement the overall industry AuM is up 42% and continues to grow at a healthy pace. Systematic Investment Plan, or SIPs,  were also a key part of these flows as the SIP numbers rose month on month.

fund industry

You can download the entire report here.

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