Monthly collections via SIPs in June this year rose by Rs 250 crore over the month of May to touch a record high of Rs 7,554 crore.
The Sensex and the Nifty have gained 13 per cent and 11 per cent, respectively, from their 2018 lows in late March.
"We are overweight on autos, private banks, NBFCs, consumer discretionary, media, metals and infra."
HDFC AMC is 60% owned by HDFC while Standard Life Investments holds the rest.
TCS, Infosys, HDFC Bank, Kotak Bank and RIL accounted for 66 per cent of the Nifty returns.
Avendus and KKR have made an offer of Rs 3,000-4,000 crore. Exclusive negotiations are currently ongoing.
Credit-risk funds invest in securities with lower ratings are gaining popularity among investors as there is a potential for investors to earn double-digit returns.
Fund managers are known to participate in anchor allotment in IPOs.
"Momentum investing is over and investors need to be valuations conscious."
Sharp fall in mid and smallcap stocks, macro worries take a toll on investor sentiment.
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