Domestic mutual funds (MFs) are on an equity buying spree after they remained net buyers for 16th straight months even though the foreign institutional investors (FIIs) reported a record net outflow in the month of August.
MFs pumped in Rs 10,017 crore in August 2015, which was the second highest fund infusion by them in single month, according to data available with the Securities and Exchange Board of India (Sebi).
In June 2015, they made net investments of Rs 10,320 crore the highest since data available with the market regulator since January 2000.
This is for the 16th month in row domestic mutual funds has invested in equities. Since May 2014, they made a net investment of Rs 81,269 crore in Indian equities, data suggests.
Fund managers have been bullish on the stock markets ever since the Narendra Modi-led BJP government came into power at the Centre last year.
Thus far in 2015, MFs have made net inflow of Rs 47,686 crore till August, They sold net amount of Rs 20,860 crore during the calendar year 2012, followed by Rs 21,082 crore in 2013. They bought net of Rs 23,135 crore in 2014.
Meanwhile, foreign institutional investors (FIIs) and foreign portfolio investors (FPIs), on the other hand, sold a net around Rs 16,877 crore equities in the month of August, the NSDL data shows.
For August, the S&P BSE Sensex recorded its worst monthly fall since November 2011, amid worries over slowdown in the Chinese economy and prospects of a rate rise by the US central bank.
The S&P BSE Sensex shed 6.5%, its sharpest monthly fall since November 2011 when the benchmark had declined 8.9% in a single month. In May 2012, the benchmark index had dropped 6.4%.
MFs pumped in Rs 10,017 crore in August 2015, which was the second highest fund infusion by them in single month, according to data available with the Securities and Exchange Board of India (Sebi).
In June 2015, they made net investments of Rs 10,320 crore the highest since data available with the market regulator since January 2000.
This is for the 16th month in row domestic mutual funds has invested in equities. Since May 2014, they made a net investment of Rs 81,269 crore in Indian equities, data suggests.
Fund managers have been bullish on the stock markets ever since the Narendra Modi-led BJP government came into power at the Centre last year.
Thus far in 2015, MFs have made net inflow of Rs 47,686 crore till August, They sold net amount of Rs 20,860 crore during the calendar year 2012, followed by Rs 21,082 crore in 2013. They bought net of Rs 23,135 crore in 2014.
Meanwhile, foreign institutional investors (FIIs) and foreign portfolio investors (FPIs), on the other hand, sold a net around Rs 16,877 crore equities in the month of August, the NSDL data shows.
For August, the S&P BSE Sensex recorded its worst monthly fall since November 2011, amid worries over slowdown in the Chinese economy and prospects of a rate rise by the US central bank.
The S&P BSE Sensex shed 6.5%, its sharpest monthly fall since November 2011 when the benchmark had declined 8.9% in a single month. In May 2012, the benchmark index had dropped 6.4%.
| Mutual funds net inflow | Sensex return | |
| Month | in Rs crore | in % |
| May-14 | 106 | 8.03 |
| Jun-14 | 3,251 | 4.94 |
| Jul-14 | 5,081 | 1.89 |
| Aug-14 | 6,958 | 2.87 |
| Sep-14 | 4,342 | -0.03 |
| Oct-14 | 5,940 | 4.64 |
| Nov-14 | 1,677 | 2.97 |
| Dec-14 | 6,229 | -4.16 |
| Jan-15 | 879 | 6.12 |
| Feb-15 | 4,309 | 0.61 |
| Mar-15 | 3,940 | -4.78 |
| Apr-15 | 9,244 | -3.38 |
| May-15 | 4,177 | 3.03 |
| Jun-15 | 10,320 | -0.17 |
| Jul-15 | 4,800 | 1.20 |
| Aug-15 | 10,017 | -6.51 |
| Source : Sebi, BSE | ||