Notwithstanding the upheaval in the stock markets, investors from top cities such as Mumbai, New Delhi, Bengaluru and Ahmedabad have kept their faith in the equity market by pumping in money continuously through mutual funds in the last three months.
The mutual fund equity assets of investors in Mumbai in December increased 6 per cent to Rs. 3.47 lakh crore from Rs. 3.29 lakh crore in November. It was Rs. 3.13 lakh crore in October, according to one of the mutual fund transfer agents, which owns about 55 per cent market share.