 "Despite 1,000 points carnage, MFs' net investments in shares stays positive")
Indian equity mutual fund managers are net buyers of stocks so far this month which saw already a carnage of over 1,000 points in BSE's 30-stocks sensitive index or Sensex.
As per the data available from the capital markets regulator Securities and Exchange Board of India (Sebi), mutual funds' net investments in equities stand at Rs 11.39 crore.
Though it's a precarious situation and the balance can shift into the negative territory anytime soon, nevertheless, given the kind of heavy selling witnessed in last month the current situation is a bit of relief.
Though it's a precarious situation and the balance can shift into the negative territory anytime soon, nevertheless, given the kind of heavy selling witnessed in last month the current situation is a bit of relief.
In July, equity fund managers had sold shares worth Rs 2,168 crore.
Interestingly, last Friday when benchmark indices registered the biggest one day fall in a year, equity MFs sold shares worth a mere Rs 67.9 crore.