The year 2015 has been a historical one for India’s mutual fund sector — a year of new records. Whether it was retail investors' unexpectedly higher participation or fund managers' relatively stronger and more consistent ‘buy’ calls for equities or the highest ever assets under management (AUM) managed by the sector, 2015 was a terrific year for the sector.
It was probably the first time that domestic investors gave a strong counter balance to the selling by foreign investors. Put together, investors pumped in a massive Rs 87,000 crore in stocks through equity mutual funds — 75 per cent more than what the previous year witnessed. Fund managers, fully loaded with investors' money, used the opportunity to buy shares worth a whopping Rs 68,000 crore — nearly three times last year’s.
