Mutual Funds surpass FPIs in stock investment

India Infoline News Service | Mumbai | June 26, 2017 09:41 IST

Domestic mutual funds have pumped more than Rs 20,000 crore in the stock market in April-May to take the advantage of the rally even as foreign investors exposure tailed off.

Domestic mutual funds have pumped more than Rs 20,000 crore in the stock market in April-May to take the advantage of the rally even as foreign investors exposure tailed off.

The fund houses are optimistic over the Indian industry’s performance for the rest of the fiscal, while expecting investments from new investors to fuel the growth of the economy.

MF managers invested a net sum of Rs 11,244 crore in the bourses in April and Rs 9,358 crore in the month in May, totalling to Rs 20,602 crore.

This comes over the top of over Rs 51,000 crore investment in stock in 2016-17. In comparison, FPIs bought equities worth Rs 10,000 crore during the same period.   

As per market observers, the mutual fund industry is set to grow exponentially and investors in India are warming up to the idea of investing in equity as an asset class.  

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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