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Mutual funds' flow into equities at two-year high

Auto ancillaries, airlines, chemicals, cement, financials, steel and textile sectors have been their favourites, data show

Puneet Wadhwa & Deepak Korgaonkar  |  Mumbai 

Domestic mutual funds (MFs) continue to pour money into equity markets, with their net flow hitting a record high during calendar year 2017 (CY17). Till September 7, MFs have pumped in a net Rs 73,428 crore in equities, surpassing their previous high recorded two years ago.

During the entire calendar year 2015, they had made a net investment of Rs 72,199 crore in equities. In CY15, MFs reported a net inflow of Rs 48,170 crore. Their net investment so far in CY17 is 5.8 times higher than that of CY16 when they had put Rs 12,538 crore in equities, according to data with the Securities ...

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First Published: Tue, September 12 2017. 23:27 IST