Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing

Mutual funds’ equity buying remained elevated for the fifth consecutive month in December, taking the net equity purchase  past Rs 1.7 trillion in 2023.
The aggressive buying in December indicates that flows into equity funds are likely to have remained unaffected by the sharp run-up in the market last month.
Mutual funds (MFs) bought equities worth Rs 23,000 crore last month (until December 28) compared to Rs 18,000 crore in November, shows data from the Securities and Exchange Board of India (Sebi).  

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