News From Press Mutual fund equity buying tops Rs 1 trillion for 2024, shows data

Mutual fund equity buying tops Rs 1 trillion for 2024, shows data

Source: Business Standard May 8, 2024

Mutual funds (MFs) continued to lap up domestic equities in April even as foreign portfolio investors (FPIs) turned net sellers to the tune of Rs 6,800 crore worth of equities, according to data from the Securities and Exchange Board of India. MFs deployed a net of Rs 32,824 crore last month, the second-highest monthly buying in a calendar month. The highest MF buying was recorded in March 2024 as they deployed a net of Rs 44,233 crore.

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