Mutual Funds pump over Rs 11,600-cr in equities in Sept; FPIs in sell-off mode
India TV NewsMutual fund houses have pumped over Rs 11,600 crore in domestic equities in September despite volatility in stock markets, even as foreign investors pulled out a massive Rs 10,825 crore. According to experts, the sell-off by foreign portfolio investors from the Indian equity markets has provided an opportunity to mutual fund managers. "Despite the market volatility and the credit event which occurred, the flow in the equity segment of the market from the retail investors has been positive," Association of Mutual Funds of India Chief Executive N S Venkatesh said. Himanshu Srivastava, senior analyst manager research at Morningstar said while FPIs sold shares in September, domestic mutual funds continued to pump assets into the Indian equity markets and the staggering difference in their approach could be attributed to the fact that both view the markets from different lens.