If you need any further proof of where equities stand as an asset class, this is it. MFs have a liking for them and they are wearing it on their sleeves. Total asset under management (AUM) for April can be a good indicator. It’s raced to Rs 23.3 lakh crore in April, up 8.9 per cent over March. And that’s a new high at start of 2018-19. Let’s get down to what’s hot and what’s not.