)
Mutual funds' investment in stocks in FY15 so far is nearly 80% of what was witnessed during the last bull phase between 2004-2008.
There seems to be no dearth of cash, with the fund managers pumping in Rs 32,000 crore in shares in the nine months of the current financial year. This is almost 80% of the buying witnessed during the previous bull run.
Between 2004 and 2008, fund managers had purchased equities worth Rs 41,425 crore.
With three months still to go in the current financial year and the pace of buying (Rs 3,500 crore per month on an average), the net investment is likely to cross the amount pumped in during the last five-year bull phase.
| MFs' net investment in stocks | Rs crore |
| 2003-04 | 1,308 |
| 2004-05 | 448 |
| 2005-06 | 14302 |
| 2006-07 | 9062 |
| 2007-08 | 16306 |
| total | 41426 |
| 2014-15* | 32139 |
| * till 2 Jan, 2015 | |
| Source: Sebi |
