ICICI Pru Equity & Debt Fund - (G)

Franklin India Dynamic Asset Allocation Fund of Funds – IDCW Option: 0.850

Franklin India Dynamic Asset Allocation Fund of Funds – Direct – IDCW Option: 1.000

Franklin India Debt Hybrid Fund – Monthly IDCW Option: 0.085

Franklin India Debt Hybrid Fund – Direct – Monthly IDCW Option: 0.095

Aditya Birla Sun Life Balanced Advantage Fund:

Regular Plan – IDCW Option: 0.156

Direct Plan – IDCW Option: 0.175

Aditya Birla Sun Life Arbitrage Fund:

Regular Plan – IDCW Option: 0.065

Direct Plan – IDCW Option: 0.067

Aditya Birla Sun Life Pure Value Fund:

Regular Plan – IDCW Option: 3.376

Direct Plan – IDCW Option: 6.108

Aditya Birla Sun Life Digital India Fund:

Regular Plan – IDCW Option: 3.448

Direct Plan – IDCW Option: 4.639

Aditya Birla Sun Life Focused Fund:

Regular Plan – IDCW Option: 1.860

Direct Plan – IDCW Option: 4.340

HDFC Arbitrage Fund – Wholesale Plan – Regular Plan – Normal IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund – Wholesale Plan – Direct Plan – Normal IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund – Wholesale Plan – Regular Plan – Monthly IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund – Wholesale Plan – Direct Plan – Monthly IDCW Option (Payout & Reinvestment): 0.050

Mirae Asset Low Duration Fund – Regular Plan – Quarterly IDCW Option: Rs 18.75

Mirae Asset Low Duration Fund – Direct Plan – Quarterly IDCW Option: Rs 20.25

Sundaram Aggressive Hybrid Fund - Regular Plan-Monthly-IDCW Option: 0.250

Sundaram Aggressive Hybrid Fund - Direct Plan-Monthly-IDCW Option: 0.350

Sundaram Balanced Advantage Fund - Regular Plan-Monthly-IDCW Option: 0.080

Sundaram Balanced Advantage Fund - Direct Plan-Monthly-IDCW Option: 0.095

Motilal Oswal Balance Advantage Fund – Regular Plan – Quarterly IDCW Option: Rs 0.21

Motilal Oswal Balance Advantage Fund – Direct Plan – Quarterly IDCW Option: Rs 0.22

Details of Mr. Raj Narain

Age: 79 years

Designation: Idependent Director

Qualification: B.A. (Hons.), M.A (Economics), Delhi School of Economics, University of Delhi, Dip. In Pers. Mgmt. & Industrial Relations, Punjabi University, Patiala

PGIM India Hybrid Equity Fund:

Regular Plan – Monthly IDCW Option: 0.1844

Direct Plan – Monthly IDCW Option: 0.2023

PGIM India Equity Savings Fund:

Regular Plan – Monthly IDCW Option: 0.0732

Direct Plan – Monthly IDCW Option: 0.0796

Change in Exit Load:

Details of Ms. Akshata Shenoy

Age: 40 years

Designation: Head – Compliance

Qualification: Chartered Accountant, B. Com

Inflows into equity mutual funds surged by 17% to a record-breaking Rs 40,608.19 crore in June, according to data released by the Association of Mutual Funds of India (AMFI). This marks the second consecutive month of record-breaking inflows, following a surge of 83.42% in May.

The strong investor sentiment is reflected in the overall asset under management (AUM) of the mutual fund industry, which crossed a significant milestone for the first time, reaching Rs 61.16 lakh crore in June. This positive trend comes despite net outflows from debt funds, which amounted to Rs 1,07,357.62 crore during the month.

Equity SIPs (Systematic Investment Plans) continued their upward trajectory, with contributions reaching Rs 21,262 crore in June, surpassing the Rs 20,000 crore mark for the third consecutive month. The number of new SIPs registered also hit a new high of 55.13 lakh, further solidifying the growing investor base.

Sectoral/thematic funds emerged as the frontrunners in terms of inflows, attracting Rs 22,351.69 crore in June. This can be partially attributed to new fund offerings (NFOs) within the category, which garnered Rs 12,974 crore during the month.

Multicap funds witnessed a significant increase of 78% in inflows, reaching Rs 4,708.57 crore. Large-cap funds also registered positive growth with a 46% rise to Rs 970.49 crore. However, inflows into small and mid-cap funds witnessed a decline, with small-cap funds experiencing a 17% dip and mid-cap funds facing a 3% decrease.

Debt funds, on the other hand, saw net outflows, primarily driven by factors like advance tax payments and quarter-ending financial obligations. Liquid funds and overnight funds faced the brunt of these outflows, with net outflows of Rs 80,354.03 crore and Rs 25,142.72 crore, respectively.

This data underlines the continued investor confidence in the equity market, particularly through SIPs and thematic funds. While debt funds experienced outflows due to short-term financial needs, the overall growth trajectory of the mutual fund industry remains positive.

This decision is a strategic move to safeguard the fund's health. The Defence Fund is a concentrated portfolio, holding only 21 stocks with the top 5 comprising about 63% of the assets. Limiting new inflows allows the fund to maintain a focus on growth, quality, and reasonable valuations within the limited investment universe of the defence sector.

The HDFC Defence Fund, launched in June 2023, invests at least 80% in companies belonging to the defence and allied sectors, including aerospace, explosives, and shipbuilding. It follows a multi-cap strategy, incorporating large, mid, and small-cap companies, and is benchmarked against the Nifty India Defence Index TRI.

While existing investors can continue their investments, new investors seeking exposure to the defence sector will need to consider alternative options until HDFC Mutual Fund revises its policy.

Details of Mr. Hemanshu Srivastava

Age: 35 years

Designation: Fund Manager- Equity

Qualification: B.E (Biotechnology) & MBA

ICICI Prudential All Seasons Bond Fund:

Regular Plan – Quarterly IDCW: 0.2242

Direct Plan – Quarterly IDCW: 0.2465

ICICI Prudential Medium Term Bond Fund:

Regular Plan – Quarterly IDCW: 0.1830

Direct Plan – Quarterly IDCW: 0.2070

Details of Mr. Tanay Gabhawala

Age: 30 years

Designation: Research Analyst – Equity

Qualification: B.Sc. – University of Southern California, Los Angeles Chartered Accountant, ICAI CFA - CFA Institute, USA