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Mutual funds go shopping; hike stake in PSBs in March quarter

Their holding in 13 banks increased by up to three percentage points in the March quarter

Deepak Korgaonkar & Puneet Wadhwa  |  Mumbai / New Delhi 

Deepak Korgaonkar and Puneet Wadhwa

Domesticmutualfunds(MFs)haveraisedtheirstakeinpublicsectorbanks(PSBs)inJanuary-March2017quarter. Inthefirstthreemonthsofcalendaryear2017(CY17),theyhavecollectivelyputinRs11,469croreintheIndianequitymarket,datashow. TheflowcontinuedinAprilaswell,withtheMFsputtinginRs9,917crorecomparedtoRs4,196croreinthepreviousmonth.

Inpastsevenmonths,betweenOctober2016andApril2017,mutualfundshavepumpedinRs53,469croreinequities. Bycomparison,theyhadinvestedRs16,527croreinthepreviouscorrespondingperiod. Of ...

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First Published: Mon, May 08 2017. 23:27 IST
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