Domestic mutual funds (MFs) injected a record Rs 45,120 crore into domestic stocks in March, marking their highest ever buying in a month. This surge in domestic fund inflows took place amid a selloff in smallcap and midcap stocks, and the execution of large block trades in blue-chip companies.The March deployment was more than three times the buying seen in the previous month. The previous record for monthly inflows from domestic MFs was set during the unprecedented Covid-19 selloff in March 2020, when they had invested a net of nearly Rs 30,300 crore.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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