ICICI Pru Value Discovery Fund (G)

Equity mutual funds experienced a slowdown in net inflows during February 2025, according to data released by the Association of Mutual Funds in India (AMFI). Net inflows for equity funds stood at Rs 29,303.34 crore, a 26.16% month-on-month (MoM) decline from the Rs 39,687.78 crore recorded in January.

Inflows into small-cap funds dropped 35% from Rs 5,720.87 crore in January to Rs 3,722.46 crore in February. Mid-cap funds followed suit, witnessing a 34% decline in inflows, falling from Rs 5,147.87 crore in January to Rs 3,406.95 crore in February.

Despite the overall downward trend, focused funds emerged as the only category to experience an increase in inflows, surging 64% MoM from Rs 783 crore in January to Rs 1,287 crore in February. Dividend yield funds saw the lowest inflows, at Rs 68.65 crore. Large-cap fund inflows also saw a slight decrease, falling from Rs 3,063.33 crore to Rs 2,866 crore. Sectoral/thematic fund inflows dropped substantially from Rs 9,016.60 crore to Rs 5,711.58 crore.

In contrast to equity funds, debt mutual funds experienced outflows of Rs 6,525.56 crore in February, a stark reversal from the Rs 1.28 lakh crore inflow recorded in January. Ultra short duration fund category saw outflows of Rs 4,281.02 crore, while money market funds saw net selling of Rs 3,275.97 crore. On the other hand liquid fund saw net inflows of Rs 4,976.97 crore, while corporate bond Fund saw net buying of Rs 1,064.84 crore.

The total assets under management or AUM declined to Rs 64.53 lakh crore in February, compared to Rs 67.25 lakh crore in January.

Meanwhile, the systematic investment plan (SIP) inflows into mutual funds fell to a three-month low of Rs 25,999 crore in February 2024, down 1.5% compared to Rs 26,400 crore in January 2024.

A total of 29 mutual fund NFOs were launched, collectively raising Rs 4,029 crore in February. Among 28 open-ended NFOs, 12 index funds gathered Rs 671 crore in total. Additionally, seven sectoral and thematic funds were introduced, mobilizing Rs 2,072 crore.

Change in Fund Management Responsibilities:

ICICI Prudential ESG Exclusionary Strategy Fund:

Regular Plan – IDCW: 1.15

Direct Plan – IDCW: 1.15

PGIM India Arbitrage Fund:

Regular Plan – Monthly IDCW Option: 0.0647

Direct Plan – Monthly IDCW Option: 0.0654

PGIM India Hybrid Equity Fund:

Regular Plan – Monthly IDCW Option: 0.1620

Direct Plan – Monthly IDCW Option: 0.1797

PGIM India Equity Savings Fund:

Regular Plan – Monthly IDCW Option: 0.0703

Direct Plan – Monthly IDCW Option: 0.0769

Change in Fund Managers of the Schemes:

Axis Balanced Advantage Fund – Regular Plan – IDCW Option: 0.99

Axis Balanced Advantage Fund – Direct Plan – IDCW Option: 1.06

Axis ESG Integration Strategy Fund – Regular Plan – IDCW Option: 1.31

Axis ESG Integration Strategy Fund – Direct Plan – IDCW Option: 1.40

Axis Flexi Cap Fund – Regular Plan – IDCW Option: 0.91

Axis Flexi Cap Fund – Direct Plan – IDCW Option: 0.99

Axis Equity Savings Fund – Regular Plan – IDCW Option: 1.08

Axis Equity Savings Fund – Direct Plan – IDCW Option: 1.14

Axis Innovation Fund – Regular Plan – IDCW Option: 1.46

Axis Innovation Fund – Direct Plan – IDCW Option: 1.54

Sundaram Equity Savings Fund - Regular Plan - IDCW - Quarterly Option: 0.289

Sundaram Equity Savings Fund - Direct Plan - IDCW - Quarterly Option: 0.420

Sundaram Equity Savings Fund - Regular Plan - IDCW - Half Yearly Option: 0.537

Sundaram Equity Savings Fund - Direct Plan - IDCW - Half Yearly Option: 0.572

ITI Balanced Advantage Fund:

Regular Plan – IDCW: 0.10

Direct Plan – IDCW: 0.10

Change in Fund Management Responsibilities:

Regular Plan – Monthly IDCW Option: Rs 0.06

Direct Plan – Monthly IDCW Option: Rs 0.06

DSP Flexi Cap Fund - Regular Plan – IDCW: 4.80

DSP Flexi Cap Fund - Direct Plan – IDCW: 6.90

DSP Natural Resources and New Energy Fund - Regular Plan – IDCW: 2.20

DSP Natural Resources and New Energy Fund - Direct Plan – IDCW: 2.60

DSP Value Fund - Regular Plan - IDCW: 1.30

DSP Value Fund - Direct Plan - IDCW: 1.50

The new fund offer (NFO) is currently open for subscription and will close on 10 March 2025, with the scheme reopening for continuous sale and repurchase on 21 March 2025.

The fund's primary objective is to generate long-term growth by investing predominantly in equity and equity-related instruments, utilizing a momentum factor-based approach for stock selection. The fund will be benchmarked against the Nifty 500 Total Return Index.

The fund will employ a proprietary momentum strategy based on Motilal Oswal's QGLP (Quality, Growth, Longevity & Price) framework. Stock selection will be driven by momentum scores, with governance and fundamental screening implemented.

The fund will maintain a diversified portfolio of approximately 30 stocks, selected from the top 500 companies by market capitalization. These stocks will be equal-weighted and rebalanced monthly based on momentum scores. The fund will be managed by Ajay Khandelwal, Varun Sharma, and Rakesh Shetty.

The minimum investment amount for both lumpsum and monthly SIP is Rs 500. An exit load of 1% will be applicable if units are redeemed within three months of allotment, with no exit load thereafter. The fund will allocate 80-100% to equity and equity-related instruments related to the momentum theme. As with all equity investments, this fund carries market risk.

With its dynamic, momentum-driven approach, the Motilal Oswal Active Momentum Fund aims to outperform the Nifty500 Momentum 50 TRI index, making it an attractive choice for investors seeking equity exposure with a data-backed momentum strategy.

Momentum investing can yield significant returns in trending markets, but it is crucial to understand the potential for volatility during market downturns. The fund's monthly rebalancing and use of the QGLP framework are designed to mitigate some of these risks.

Nippon India ELSS Tax Saver Fund – Regular Plan – Annual IDCW Option Regular & Direct Plan – IDCW Option: 1.50 each.

Nippon India ELSS Tax Saver Fund – Regular Plan – IDCW Option: 2.50

Nippon India ELSS Tax Saver Fund – Direct Plan – IDCW Option: 3.00

HDFC Banking & Financial Services Fund – Regular Plan - IDCW Option & Direct Plan - IDCW Option: 1.00 each.

HDFC ELSS Tax Saver – Regular Plan - IDCW Option & Direct Plan - IDCW Option: 7.00 each.

HDFC Housing Opportunities Fund – Regular Plan - IDCW Option & Direct Plan - IDCW Option: 1.25 each.

Change in Fund Management Responsibilities:

Change in Fund Management Responsibilities:

Tata Hybrid Equity Fund – Regular Plan & Direct Plan: 0.34 each.

Tata Equity Savings Fund – Regular Plan & Direct Plan: 0.057 each.

Change in the name of the Scheme: