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Millennium Post

MFs buy `6K-cr shares in Aug

Improved market sentiment helped mutual funds pick up shares worth close to Rs 6,000 crore in August, making it the highest monthly inflow in more than six-and-a-half years. This also marks the fourth consecutive month of inflows into equities. Besides, MFs pumped in a staggering Rs 66,000 crore in the debt market during the period. The inflow in equities during the month followed net investment of Rs 5,000 crore in July, Rs 3,340 crore in June and Rs 105 crore in May. Before that, fund houses were net sellers in equity since September, while they were net buyers Rs 1,607-crore shares in August 2013. 
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