MF investment in equity markets at Rs 70,000 cr in 2015

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PTI, New Delhi :
Mutual fund houses continued to be bullish on the equity markets in 2015 and purchased shares worth a staggering over Rs 70,000 crore, primarily on account of strong participation from retail investors.
This is on top of Rs 23,843 crore already being infused in the entire 2014.
In comparison, Foreign Portfolio Investors (FPIs) made a net investment of just Rs 16,674 crore during the period.
However, in the last three years, foreign funds have made an average investment of USD 20 billion (around Rs 1 lakh crore) each in the Indian stock markets.
According to the latest Sebi data, domestic mutual fund (MF) managers have invested a net Rs 70,173 crore in the equity markets in 2015.
The inflows could be much higher for this year as four trading sessions are still left.
“As domestic investors continued to invest in equities through MFs, 2015 turned out to be a stellar year for the industry with impressive inflow in the segment,” UTI Mutual Fund EVP and Fund Manager V Srivatsa said.
Equity MFs, including equity-linked saving schemes, have seen a net inflow of nearly Rs 87,000 crore till November this year.
The surge in inflows into equity schemes has prompted fund houses to pump money in the share markets.
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