Buoyed by sustained inflow of funds from small investors, the mutual fund industry has pumped in Rs 72,218 crore in domestic equities in FY16, it is the highest ever investment in any fiscal year. While fresh inflows into equity schemes have shown some signs of slowdown in the last three months amidst weakness in global markets, fund managers said the industry didn’t witness any kind of redemption pressure despite high bout of volatility in the secondary market.
During the previous financial year, fund houses had invested Rs 40,821.90 crore in equities after remaining net sellers for consecutive five years. “Investors remained quite bullish on the equity markets. They continued to pour money even when the markets were at higher levels.