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MFs pump over Rs 7,000 cr in equities in Jan

Mutual fund houses made investments of over Rs 7,000 crore in domestic equities in January, even as foreign portfolio investors (FPIs) pulled out a massive Rs 5,200 crore. According to the data available with Sebi and depositories, fund managers bought shares worth Rs 7,160 crore on a net basis last month. On the other hand, FPIs pulled out Rs 5,264 crore from equities. Investment in domestic equities by fund managers could be largely attributed to retail investors who continue to invest through systematic investment plan (SIP), market experts said. 

Read More at The Economic Times News date : 6 Feb 2019, Wednesday

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