Edelweiss Fund Insight: November 2010

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• Total AUM at INR 6.46 tn; assets worth INR 209 bn dip in October.
• Equity AUM at INR 2.23 tn, down INR 17 bn (0.80%) M-o-M.
• Debt AUM at INR 4.23 tn, down INR 192 bn (4.33%) M-o-M.
• Outflows of INR 30.7 bn in mutual funds (net of NFOs + existing schemes – redemptions) in October.
• NFOs of INR 1 bn in equity schemes.
• Fund flow in existing schemes at INR 50.6 bn.
• Amount redeemed for the month stood at INR 82.3 bn.
• Mutual funds were net sellers of ~INR 57.9 bn in equities in October.
• Large-cap funds increased exposure to oil & gas, pharmaceuticals and auto, and reduced it in banking, IT, telecom, engineering, metals and FMCG.
• Mid-cap funds increased exposure to FMCG, pharmaceuticals and cement, and reduced it in banking, engineering, auto, IT, telecom and oil & gas.
• Funds evinced buying interest in stocks like Kiri Dyes, Career Point Systems, Strides Arcolab, Canara Bank and Shoppers Stop.