Mutual fund ownership of BSE 500 companies at new high

Equity inflows, including equity component of balanced funds, rose to all-time high of Rs 18,200 cr

Aggregate domestic mutual fund ownership of BSE 500 companies has touched a new high, rising from a low of 3 per cent in March 2014 to 6 per cent as of June 2017.

The rise in ownership has been driven by record inflows through systematic investment plans into equity schemes, leading to consistent net buying from asset management companies in Indian stocks, said a note put out by Deutsche Bank.

Total equity inflows, including the equity component of balanced funds, rose to an all-time high of Rs 18, 200 crore or $2.8 billion in July.

"The accelerating momentum of inflows