MF investments in stocks at ₹5K cr in April
Mutual fund managers have purchased stocks worth close to Rs 5,000 crore in this month so far on sustained participation by retail investors.
This comes on the top of over Rs 51,000 crore investment in stocks in 2016-17 financial year.
Fund houses are upbeat over the industry's performance in the new fiscal while expecting investment from new investors to fuel the growth of the sector.
As per data released by the Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 4,895 crore in stock markets in this month so far.
In comparison, they infused a net amount of Rs 4,191 crore in equities in the entire last month.
Apart from equities, fund managers invested a staggering Rs 50,313 crore in debt markets.
According to market experts, the mutual fund industry is at a take-off stage in terms of growth and Indian investors are warming up to investments in equity as an asset class.