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New Delhi, Strong, incessant net flows and favourable market conditions propped up the assets base for the small-cap mutual fund category to cross Rs 2 lakh crore mark in November-end, a sharp surge of 69 per cent from a year earlier. On a month-on-month basis, the Assets Under Management (AUM) of the category grew 10 per cent to Rs 1.99 lakh crore, data with the <keyword id="826589" type="General" weightage="80" keywordseo="association-of-mutual-funds" source="Orion">Association of Mutual Funds</keyword> in India (AMFI) showed. <br /><br /> Since the fourth quarter of 2019-20, the AUM for the category has seen a phenomenal rise, due to favourable market movement, along with record net inflows. <br /><br /> Small-cap funds attracted Rs 37,178 in this year (till November). This includes Rs 3,699 crore last month and a record fund infusion of Rs 4,495 crore in October. <br /><br /> On the other hand, the large-cap category saw a pull out of Rs 2,688 crore in the first 11 months of this year. <br /><br /> "A few fund houses have limited the inflows in their small-cap funds over the last quarter given the sharp rise in flows and concerns on valuations," <keyword id="112974" type="General" weightage="80" keywordseo="morningstar-india" source="Orion">Morningstar India</keyword> had mentioned in its September quarterly report. <br /><br /> Going by the AMFI data, the asset base of the small-cap mutual fund hit its peak of Rs 2.2 lakh crore at the end of November. <br /><br /> Additionally, investor accounts in the category, too, climbed a staggering 62 lakh folios to 1.6 crore in November from 97.52 lakh a year-earlier. This shows that investors have become more inclined toward small-cap funds. <br /><br /> Under Sebi's rule, in small-cap mutual funds, fund managers are required to invest at least 65 per cent of their portfolios in small-cap stocks. <br /><br /> <keyword id="2252616" type="General" weightage="80" keywordseo="g-pradeepkumar" source="Orion">G Pradeepkumar</keyword>, CEO, <keyword id="6536298" type="General" weightage="80" keywordseo="union-asset-management-company" source="Orion">Union Asset Management Company</keyword>, suggested that investors stagger their investments in small- and mid-cap funds in view of the possibility of short-term volatility. <br /><br /> Overall, the AUM of the 42-player mutual fund industry reached Rs 49.04 lakh crore in November-end from Rs 40.37 lakh crore in November 2022, suggesting a gain of 22 per cent.

Consistent inflows push small-cap funds AUM past Rs 2 lakh cr mark in Nov

<keyword id="19896016" type="General" weightage="20" keywordseo="new-delhi" source="keywords">New Delhi</keyword>, Equity mutual funds experienced a net inflow of Rs 21,780 crore in January, making it the highest monthly infusion in nearly two years, propelled by investors' continued preference for small-cap funds. In comparison, an inflow of around Rs 17,000 crore was seen in the category in December, according to the data released by the <keyword id="20090034" type="General" weightage="20" keywordseo="association-of-mutual-funds" source="keywords">Association of Mutual Funds</keyword> in <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> (<keyword id="6359050" type="General" weightage="20" keywordseo="amfi" source="Orion">AMFI</keyword>) on Thursday. <br /><br /> The flow in January was the highest since March 2022, when equity-oriented mutual funds witnessed an inflow of Rs 28,463 crore. Also, the latest flow marks the 35th consecutive month of net inflows in equity funds. <br /><br /> Barring value fund, all categories experienced inflow in equity segments. The category was aided by fund collection to the tune of Rs 4,805 crore in thematic funds, followed by Rs 3,257 crore in small-cap funds and Rs 3,039 crore in multi-cap funds. <br /><br /> The highlight of this month was the fund flows into the large-cap category at Rs 1,287 crore, which was at the highest-level in more than 13 months. <br /><br /> "With midcaps at 15 per cent and small caps at 20 per cent premiums, investors are realising the considerable valuation gap with the large-cap segment, and accordingly making adjustments to their investments. <br /><br /> "Though small-cap funds garnered greater than Rs 3,000 crore of net flows for the fourth consecutive month, the quantum was lower by Rs 600 crore on a month-on-month basis," <keyword id="20504519" type="General" weightage="20" keywordseo="gopal-kavalireddi" source="keywords">Gopal Kavalireddi</keyword>, Vice President of Research at FYERS, said. <br /><br /> Apart from equities, debt-oriented schemes witnessed a net inflow of Rs 76,469  crore in January after withdrawing funds in the preceding two months. The segment had witnessed a net outflow of Rs 75,560 crore in December and Rs 4,707 crore in November. <br /><br /> Additionally, hybrid schemes saw an inflow of Rs 20,637 crore. <br /><br /> Overall, the mutual fund industry has witnessed an inflow of Rs 1.23 lakh crore in the month under review as compared to an outflow of Rs 40,685 crore in December. <br /><br /> The strong inflow pushed the mutual fund industry's assets under management to Rs 52.74 lakh crore in January-end as compared to Rs 50.78 lakh crore at the end of December.

Equity mutual fund inflow hits almost 2-yr high of ₹21,780-cr in January

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Ethan Miller/Getty</span></p><p class="caption">Do you own gun stocks?</p></div><p></p></div></div></p><ul><li><strong>Investors are scrutinizing their ownership of gun stocks following the mass shooting in Parkland, Florida.</strong></li><li><strong>Passive index funds, which power many retirement plans, are the largest shareholders in America's three major gunmakers, according to Morningstar.</strong></li><li><strong>About two out of every three dollars invested in small-cap funds have exposure to gun stocks, Morningstar found. The three gunmakers are small-cap stocks (companies with a total market value of roughly $300 million to $2 billion).</strong></li><li><strong>Morningstar has published a <a href="http://news.morningstar.com/PDFs/sustainlist030118.pdf">long list</a> of funds that own any of the three gun manufacturers.</strong></li></ul><p>Investors are scrutinizing their ownership of gun stocks following the mass shooting in <a href="http://www.businessinsider.com/category/parkland" target="_blank" rel="noopener">Parkland</a>, Florida on February 14.</p><p><a href="http://markets.businessinsider.com/stock/blk-Quote">BlackRock</a>, the world's largest asset manager, said Friday it was <a href="https://www.blackrock.com/corporate/newsroom/press-releases/article/corporate-one/press-releases/blackrock-approach-to-companies-manufacturing-distributing-firearms">exploring ways</a> to offer index funds - single investment products that simultaneously buy several stocks - that exclude gun manufacturers and retailers.</p><p><a href="http://markets.businessinsider.com/stock/aobc-Quote">American Outdoor Brands</a>, formerly known as Smith &amp; Wesson, manufactured the semi-automatic AR-15 assault rifle used in the mass shooting at Marjory Stoneman Douglas High School, <a href="http://fortune.com/2018/02/16/smith-wesson-parkland-florida-school-shooting/">police said</a>.</p><p>"We share the nation's grief over this incomprehensible and senseless loss of life and we share the desire to make our community safer," James Debney, the company's CEO, said during the third-quarter earnings call on Thursday.</p><p>Investor scrutiny centers around so-called environmental, social, and governance (or ESG) guidelines, which factor in a company's impact beyond profit making. Other issues that have prompted these kinds of discussions include climate change and <a href="http://www.businessinsider.com/how-gender-diversity-affects-stock-market-returns-2016-10">gender diversity</a>.</p><h2>How to find gun stocks in your investments</h2><p>Last week, <a href="http://www.morningstar.com/articles/853199/finding-gun-stocks-in-fund-portfolios.html" target="_blank" rel="noopener">Morningstar released a guide</a> to help people check if the index funds that manage their retirement plans own any gun stocks.</p><p>Index funds invest massive amounts of money at a time, so they could end up among the largest shareholders in companies they buy - especially since many of the companies aren't that big.</p><p>For example, Morningstar noted that the $700 billion Vanguard Total Stock Market Index put 0.01% of its assets in American Outdoor Brands. But that investment adds up to a 2.4% stake in the company.</p><p>The first step is to log into your account and check whether the mutual fund that runs your 401-k is exposed to <a href="https://www.investopedia.com/video/play/small-cap-stock/">small-cap stocks</a>. That's because the three major gunmakers - American Outdoor Brands, <a href="http://markets.businessinsider.com/stocks/rgr-stock">Sturm Ruger</a>, and <a href="http://markets.businessinsider.com/stocks/vsto-stock">Vista Outdoor</a>, fall under this category of companies with a total market value of roughly $300 million to $2 billion.</p><p>"Driven by assets in index funds, approximately two out of every three dollars invested in small-cap funds have exposure to guns," said Jon Hale, Morningstar's director of sustainable-investing research.</p><p>Hale noted that although index-fund ownership is huge, that stake becomes tiny when examined on an individual basis. "Most index investors can rest easy knowing they are not invested in guns in a material way," he said. "But for many, that's not the point. Any exposure to guns may no longer be acceptable."</p><p>Apart from small-cap funds, those that have a broad exposure to the total stock market are also likely to include gun stocks, Hale said.</p><p>The one category of index funds that's least likely to be invested in gun stocks is actively managed small-cap funds. That's because only some portfolio managers are likely to select gun stocks given the thousands of companies they can choose from, Hale said.</p><p>The table below shows the funds with the largest positions in the three major gunmakers, based on Morningstar's data as of February 28. <a href="http://news.morningstar.com/PDFs/sustainlist030118.pdf">A full list of funds with positions in any of the three gun stocks is available here »</a></p><p><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Morningstar" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5a9c482e487ff94f0c8b4569-960/screen shot 2018-03-04 at 22456 pm.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span><a href="http://news.morningstar.com/PDFs/sustainlist030118.pdf">Morningstar</a></span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/elon-musk-explains-spacex-falcon-heavy-central-core-crash-landing-2018-2">Elon Musk explains the one thing that went wrong with SpaceX's Falcon Heavy flight</a></h3>        <div>                    </div>    </div>

There's a straightforward way to find out if gun stocks are in your retirement fund

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Consistent inflows push small-cap funds AUM past Rs 2 lakh cr mark in Nov

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Equity mutual fund inflow hits almost 2-yr high of ₹21,780-cr in January

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There's a straightforward way to find out if gun stocks are in your retirement fund

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