News From Press MFs set to deploy Rs 1.5 trillion in equities for second straight year

MFs set to deploy Rs 1.5 trillion in equities for second straight year

Source: Business Standard Dec 2, 2023

Mutual funds (MFs) are on course to pour at least Rs 1.5 trillion ($18 billion) into the domestic equity market for the second consecutive year. So far this calendar year, domestic equity funds bought shares worth Rs 1.4 trillion after pumping in a record Rs 1.8 trillion last year. Equity investment by mutual funds is tied to inflows they get in equity and hybrid schemes.

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