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Mutual funds turn net buyers of stocks after two months

Image via Shutterstock
Image via Shutterstock

EquityfundmanagersturnednetbuyersinofstocksinAugust,aftertwomonths.Collectively,theyboughtsharesworthRs1,908croretillAugust30,accordingtodatafromtheSecuritiesandExchangeBoardofIndia. Reversalofmutualfund(MF)flowsintostocksindicatestheredemptionpressureonfundmanagers,seensinceMarch,hasreduced,sayexperts.Theamountofpurchase,however,isn’thighcomparedtotheiraveragemonthlybuyinginthepasttwoyears. Accordingtofundmanagers,thepastfewmonthshaveseenredemptionbylumpsuminvestorsandasteadydeclinein ...