News From Press Mutual funds turn net buyers of stocks after two months

Mutual funds turn net buyers of stocks after two months

Source: Business Standard Sep 2, 2016

Equity fund managers turned net buyers in of stocks in August, after two months. Collectively, they bought shares worth Rs 1,908 crore till August 30, according to data from the Securities and Exchange Board of India.

Reversal of mutual fund (MF) flows into stocks indicates the redemption pressure on fund managers, seen since March, has reduced, say experts. The amount of purchase, however, isn’t high compared to their average monthly buying in the past two years.

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