Mutual funds invest a record Rs. 38,627 cr in
equities in 2014-15 (FY15) Fund managers expect retail investors to keep
pouring in money into stock funds over the next few years.
Mutual funds (MFs) invested a record Rs.38,627
crore in Indian stocks in the year to 31 March—more than double the previous
highest in the year ended March 2008 and fund managers expect retail investors
to keep pouring in money into stock funds over the next few years, marking a
strong rebound after small investors lost interest in equities after suffering
heavy losses following the 2008 global financial crisis.
MFs were net sellers of local stocks for five
straight years following the year ended 31 March 2009, and were net buyers of
the asset class for six consecutive years before that, from 2003-04 to 2008–09.
The Indian MF industry’s assets under management
rose 1.76%, or by Rs.20,840 crore, to Rs.12.02 trillion in February 2015.
The positive sentiment for the underlying asset
class helped equity funds attract net inflows to the tune of Rs. 5,840 crore
for the 10th consecutive month in February 2015 & the category’s assets
rose 1.41% to a record high of Rs.3.46 trillion.
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