Latest news with #NehalMeshram
Time of India
5 days ago
- Business
- Time of India
Flexi cap mutual funds dominate inflows for third straight month. Are investors seeking all-cap advantage?
Live Events Flexi cap mutual funds have emerged as a clear favourite among equity mutual fund investors, topping the inflow charts for the third consecutive month. In May, flexi cap funds once again led the equity inflow chart, continuing the trend seen in March and to the latest data by the Association of Mutual Funds in India ( AMFI ), in terms of inflows , this fund category has consistently outperformed its peers by receiving the highest inflow of Rs 14,998 crore in three attribute this surge in inflows to a trend among investors increasing their preference towards diversified categories, and flexi cap is one such category which does not have any market cap constraints.'This flexibility provided to the fund managers is one of the reasons why they are able to generate alpha comfortably, which is fueling the inflows. Unlike multi-cap funds, which are mandated to invest a fixed portion (minimum 25%) across large, mid, and small-cap stocks, flexi cap funds allow fund managers to dynamically shift allocations based on market conditions,' Chethan Shenoy, Executive Director and Head - Product & Research at Anand Rathi Wealth Limited shared this with a similar opinion, another expert mentions that the investment strategy of flexi cap funds enables them to shift towards safer large-cap names during volatile periods or tap into mid- and small-cap opportunities when conditions turn expert adds that the appeal of this category has been further reinforced by stretched valuations in certain segments of the market and overall investor sentiment staying cautious due to global uncertainties and mixed economic signals.'A slowdown in flows to large-cap funds and increased participation from retail investors appear to be contributing to the rise in inflows to flexi cap strategies. These funds also offer greater scope for alpha generation through active management, which has resonated well with investors amid heightened volatility,' Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India, shared with cap funds received an inflow of Rs 5,615 crore, Rs 5,541 crore, and Rs 3,841 crore in March, April, and May, are 39 funds in the flexi cap category. According to the inflow data of the last three months, Parag Parikh Flexi Cap Fund , the largest fund in the category based on assets managed, received the highest inflow of Rs 15,863 crore, followed by HDFC Flexi Cap Fund , which received an inflow of Rs 11,660 crore. Quant Flexi Cap Fund received an inflow of Rs 964 crore in the last three months. Shriram Flexi Cap Fund received the lowest inflow of Rs 11.72 crore in a similar time the category having the second-largest AUM of Rs 4.71 lakh crore across all equity-oriented mutual fund categories, Shenoy considers this as retail investors viewing flexi cap funds as a smart choice for diversified equity exposure and active portfolio the important thing is to know how these funds have performed in volatile markets compared to large caps and midcaps. While addressing this, Nehal mentions that during the correction seen between October 2024 and March 2025, flexi cap funds saw a decline of around 31.76%, which was lower than that of mid-cap funds (35.91%) and small-cap funds (39.76%), and only modestly higher than large-cap funds (28.36%) and this relatively lower decline in large-cap funds can be attributed to their exposure to more stable, liquid, and fundamentally stronger companies that typically hold up better during market further adds that with market volatility still elevated and sentiment influenced by global macro developments and domestic valuation concerns, we believe flexi cap funds, particularly those managed by experienced fund managers with strong research frameworks, are well-placed to navigate the current also shared data which showed that the majority of flexi cap funds have a tendency to invest in large cap stocks, and it is indeed a good time to invest in flexi cap funds however, they should not be the sole equity component in the portfolio, as relying entirely on one category can limit data from AMFI further showed that smallcap funds stood second in the inflow chart as the category received an inflow of Rs 11,306 crore in the last three months, followed by midcap funds, which received an inflow of Rs 9,561 crore. Largecap funds received an inflow of Rs 6,401 crore. Dividend yield funds were the last one to receive positive inflows, as the category received an inflow of Rs 171 crore, whereas ELSS funds saw an outflow of Rs 314 crore in the same expert from Morningstar Investment Research India is of the opinion that historically flexi cap funds have exhibited a balanced performance profile during periods of heightened volatility or economic stress, and the flexibility to invest has often resulted in more stable outcomes compared to pure mid- or small-cap strategies, which are generally more vulnerable to sharp drawdowns.'The recent market correction has once again highlighted the advantages of an unconstrained approach, with many flexi cap funds outperforming peers restricted by rigid market-cap mandates. Looking ahead, the category is well-positioned to maintain its relevance amid ongoing macroeconomic uncertainty and the need for active portfolio management,' Nehal the other hand, Shenoy shared the yearly returns by flexi cap funds and its equity peers which showed that on the basis of performance in different time periods, where the market underwent volatility, the flexi cap is one of the most consistent performers from the diversified categories and therefore it is good to have flexi cap in your portfolio up to 5 to 10%, this can help you take exposure across different market caps Anand Rathi WealthFlexi Cap Funds are equity-oriented mutual funds that invest across large-cap, mid-cap, and small-cap stocks. These funds are designed to give the fund manager complete flexibility in allocating investments across market capitalisations , based on prevailing market to the SEBI mandate, flexi cap funds must invest a minimum of 65% of their assets in equity. The remaining allocation can vary, allowing the manager to shift between large, mid, and small-cap segments as opportunities arise. These funds are ideal for investors who have a long-term investment horizon (at least five years) and are comfortable with moderate to high risk. The dynamic nature of these funds allows them to adapt to changing market trends, making them suitable for growth-oriented investors.
Hans India
12-06-2025
- Business
- Hans India
Gold ETFs back in focus
New Delhi: After a two-month outflow, Gold Exchange Traded Fund (ETF) experienced a net inflow of Rs 292 crore in May driven by resilient gold prices and sustained global uncertainties. The inflow led to an expansion in the category's assets under management to Rs 62,453 crore in May from Rs 61,422 crore in April, latest data with the Association of Mutual Funds in India (Amfi) showed. Going by the data, Gold ETFs witnessed an inflow to the tune of Rs 292 crore last month, marking an improvement from outflow of Rs 6 crore in April and Rs 77 crore in March. "The renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold's appeal as a strategic hedge," Nehal Meshram, Senior Analyst – Manager Research at Morningstar Investment Research India, said.
Economic Times
11-06-2025
- Business
- Economic Times
Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows
Gold ETFs saw inflows of Rs 292 crore in May, reversing a two-month streak of outflows. Gold-based ETFs have received inflows in May of Rs 292 crore after two straight months of outflows, according to the Association of Mutual Funds in India (AMFI). In March and April, gold ETFs saw an outflow of Rs 77.21 crore and Rs 5.82 crore, respectively. 'The renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold's appeal as a strategic hedge. The uptick also shows that investors are regaining confidence in gold, as it continues to offer stability amid mixed signals from equity and bond markets,' said Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India. Also Read | Midcap and smallcap mutual funds witness decline in inflows. Are investors shifting focus? 'Furthermore, the relative stability in gold prices through May have provided a more attractive entry point for investors looking to build or rebalance allocations toward safer assets,' Nehal added. According to Motilal Oswal Private Wealth, global gold demand hit a Q1 record in 2025, driven by strong ETF inflows and continued central bank buying despite a slowdown from last year, while jewelry demand fell sharply due to high prices. The investment demand saw a dramatic 170% year-on-year rise, driven by a strong rebound in gold ETF inflows, particularly in Europe, Asia, and India. The investment in gold ETFs led to a significant jump in gold investment demand in Q1 2025, reaching 552t, marking a 170% year-on-year increase, the report said. 'The surge was primarily driven by a sharp revival in gold ETF inflows, which recorded their strongest quarterly demand for three years, and the global gold-backed ETFs saw holdings increase by 226t during the quarter, bringing collective holdings to 3,445t. This was boosted by trade tensions and gold price momentum, with investors rushing for the safety of gold,' the Motilal Oswal Private Wealth report the month of May, gold ETFs offered an average return of 1.10%, with Tata Gold ETF emerging as the topper out of 19 funds in the category. Tata Gold ETF offered a 2.53% return in May. Axis Gold ETF and SBI Gold ETF gave 1.35% and 1.34% returns respectively in the said time period. Also Read | Largecap mutual funds see over 50% decline in May inflows. Profit booking or shift in investor preference? Mirae Asset Gold ETF and Zerodha Gold ETF gave 1.15% returns each in May. UTI Gold ETF, Invesco India Gold ETF, and LIC MF Gold ETF gave 0.50%, 0.26%, and 0.15% returns, respectively, in the same period. The assets under management (AUM) of gold ETFs surged by 2% on a monthly basis to Rs 62,452 crore in May from Rs 61,422 crore in April. 'The resurgence in flows also highlights the growing role of Gold ETFs in strategic asset allocation, especially as investors seek to manage risk in an increasingly uncertain investment environment,' Nehal said. 'While inflows are yet to reach the levels seen earlier in the year, the trend suggests a gradual and measured return of interest in gold, underpinned by its long-term diversification benefits,' added. Gold ETFs are exchange-traded funds that track the price of physical gold. Each unit of a Gold ETF is backed by a specific quantity of gold, usually equivalent to one gram. They are listed on stock exchanges, and you need a demat and trading account to buy and sell them. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Time of India
11-06-2025
- Business
- Time of India
Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows
Gold-based ETFs have received inflows in May of Rs 292 crore after two straight months of outflows, according to the Association of Mutual Funds in India (AMFI). In March and April, gold ETFs saw an outflow of Rs 77.21 crore and Rs 5.82 crore, respectively. 'The renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold's appeal as a strategic hedge. The uptick also shows that investors are regaining confidence in gold, as it continues to offer stability amid mixed signals from equity and bond markets,' said Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India. Also Read | Midcap and smallcap mutual funds witness decline in inflows. Are investors shifting focus? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 35 & Earning? Protect Your Family with ₹1 Cr Life Cover ICICI Pru Life Insurance Plan Get Quote Undo 'Furthermore, the relative stability in gold prices through May have provided a more attractive entry point for investors looking to build or rebalance allocations toward safer assets,' Nehal added. According to Motilal Oswal Private Wealth, global gold demand hit a Q1 record in 2025, driven by strong ETF inflows and continued central bank buying despite a slowdown from last year, while jewelry demand fell sharply due to high prices. Live Events The investment demand saw a dramatic 170% year-on-year rise, driven by a strong rebound in gold ETF inflows, particularly in Europe, Asia, and India. The investment in gold ETFs led to a significant jump in gold investment demand in Q1 2025, reaching 552t, marking a 170% year-on-year increase, the report said. 'The surge was primarily driven by a sharp revival in gold ETF inflows, which recorded their strongest quarterly demand for three years, and the global gold-backed ETFs saw holdings increase by 226t during the quarter, bringing collective holdings to 3,445t. This was boosted by trade tensions and gold price momentum, with investors rushing for the safety of gold,' the Motilal Oswal Private Wealth report said. In the month of May, gold ETFs offered an average return of 1.10%, with Tata Gold ETF emerging as the topper out of 19 funds in the category. Tata Gold ETF offered a 2.53% return in May. Axis Gold ETF and SBI Gold ETF gave 1.35% and 1.34% returns respectively in the said time period. Also Read | Largecap mutual funds see over 50% decline in May inflows. Profit booking or shift in investor preference? Mirae Asset Gold ETF and Zerodha Gold ETF gave 1.15% returns each in May. UTI Gold ETF, Invesco India Gold ETF, and LIC MF Gold ETF gave 0.50%, 0.26%, and 0.15% returns, respectively, in the same period. The assets under management ( AUM ) of gold ETFs surged by 2% on a monthly basis to Rs 62,452 crore in May from Rs 61,422 crore in April. 'The resurgence in flows also highlights the growing role of Gold ETFs in strategic asset allocation, especially as investors seek to manage risk in an increasingly uncertain investment environment,' Nehal said. 'While inflows are yet to reach the levels seen earlier in the year, the trend suggests a gradual and measured return of interest in gold, underpinned by its long-term diversification benefits,' added. Gold ETFs are exchange-traded funds that track the price of physical gold. Each unit of a Gold ETF is backed by a specific quantity of gold, usually equivalent to one gram. They are listed on stock exchanges, and you need a demat and trading account to buy and sell them. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Hans India
10-06-2025
- Business
- Hans India
Gold ETFs rebound in May, record net inflow of Rs 292 crore
New Delhi: Gold exchange-traded funds (ETFs) regained investor interest in May after two months of net withdrawals, the Association of Mutual Funds in India (AMFI) data showed on Tuesday. Gold ETFs recorded a net inflow of Rs 291.91 crore in May 2025, marking an improvement from the marginal outflow of Rs 5.82 crore in April, according to the AMFI data. 'Flows into the category had remained muted over the past two months, following modest outflows in March as well. The renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold's appeal as a strategic hedge,' said Nehal Meshram, Senior Analyst–Manager Research, Morningstar Investment Research India. The uptick also shows that investors are regaining confidence in gold, as it continues to offer stability amid mixed signals from equity and bond markets. Furthermore, the relative stability in gold prices through May have provided a more attractive entry point for investors looking to build or rebalance allocations toward safer assets. The resurgence in flows also highlights the growing role of Gold ETFs in strategic asset allocation, especially as investors seek to manage risk in an increasingly uncertain investment environment. 'While inflows are yet to reach the levels seen earlier in the year, the trend suggests a gradual and measured return of interest in gold, underpinned by its long-term diversification benefits,' said Meshram. According to Motilal Oswal Private Wealth's May Alpha Strategist Report, in Q1 2025, the gold market experienced a historic surge, with prices reaching record highs amid escalating geopolitical tensions, tariff wars, and a weakening US dollar. The total supply rose modestly, but the soaring price led to a significant increase in market value. Investment demand saw a dramatic 170 per cent on-year rise, driven by a strong rebound in gold ETF inflows, particularly in Europe, Asia, and India.
