October 23, 2017

Mutual funds pump $12 billion in equities

Investment by mutual funds in domestic equities touched a staggering USD 12 billion in the April-September period on strong retail investor interest, even as foreign investors trimmed their exposure.

Moreover, fund houses are upbeat over investment in the stock markets for the remainder of the current fiscal.

According to the latest data, fund managers bought shares worth a net Rs. 76,906 crore (USD 12 billion) in the first half of the ongoing financial year, while foreign portfolio investor (FPIs) pumped in just Rs. 5,278 crore (USD 810 million) in equities during the period.

Fund managers made intensive buying in last two months (August-September), when overseas investors reduced their exposure to the Indian stocks due to several reasons including geopolitical tensions and below expectations domestic growth.

Read more at http://www.thehindubusinessline.com/markets/mutual-funds-pump-12-billion-in-equities/article9918361.ece

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