Stories
Nippon AMC and HDFC AMC Lead Nomura Picks Amid Rising Mutual Fund Inflows
M
Moneycontrol•08-10-2026, 15:02
Nippon AMC and HDFC AMC Lead Nomura Picks Amid Rising Mutual Fund Inflows
- •Nomura projects net equity inflows into Indian mutual funds to rise 7% month-on-month to Rs386 billion in September 2026.
- •Nippon AMC is favored for consistent AUM market share gains, while HDFC AMC is preferred for its benign valuation.
- •Small-cap funds are expected to lead contributions at Rs86 billion, followed by mid-cap at Rs81 billion and flexi-cap at Rs63 billion.
- •Large-cap funds are forecasted to turn positive with Rs8 billion in inflows, recovering from an outflow of Rs11 billion in August.
- •Sectoral and thematic inflows are projected to strengthen to Rs26 billion from Rs17 billion in the previous month.
Key Questions Answered
Nomura prefers Nippon AMC for its consistent AUM market share gains, followed by HDFC AMC due to its benign valuation.
Net equity inflows into Indian mutual funds are expected to rise 7% month-on-month to reach Rs386 billion in September 2026.
Small-cap funds are projected to remain the largest contributor to inflows at Rs86 billion, accounting for 22% of total inflows.
