In equities, they were net sellers to the tune of Rs.363 crore in May 2014 when Narendra Modi-led NDA government had emerged triumphant in the 2014 Lok Sabha election.
However, since then, there has been no looking back for the mutual funds (MFs), as they have been on a significant buying spree. Between May-2014 to May-2016, the MFs have pumped in Rs.1,08,931 crore in shares, which reflects their unshakable confidence in the new governmental policies and proactive steps, being taken towards higher economic growth.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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