Logo


Mutual funds turn net buyers of stocks after two months

Image via Shutterstock
Image via Shutterstock

Equity fund managers turned net buyers in of stocks in August, after two months. Collectively, they bought shares worth Rs 1,908 crore till August 30, according to data from the Securities and Exchange Board of India. Reversal of mutual fund (MF) flows into stocks indicates the redemption pressure on fund managers, seen since March, has reduced, say experts. The amount of purchase, however, isn’t high compared to their average monthly buying in the past two years. According to fund managers, the past few months have seen redemption by lumpsum investors and a steady decline in ...