News From Press MFs on record buying spree as valuations look stretched

MFs on record buying spree as valuations look stretched

Source: Business Standard Jul 18, 2017

Domestic mutual funds (MFs) have been net buyers for 26 consecutive trading sessions, one of the longest unbroken buying sprees, even as the markets trade at lifetime high levels. Since June 7, equity funds have poured in Rs 12,435 crore, at a daily average of nearly Rs 500 crore. During the same period, foreign institutional investors (FIIs) have invested Rs 6,565 crore in Indian stocks.

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