Mutual Fund managers remained bullish on equity markets and purchased shares worth a staggering Rs 52,000 crore in the first seven months of the ongoing financial year. This is on top of Rs 40,722 crore already invested by them in the entire 2014-15 - the first net inflow in six years for an entire fiscal after outflows, on net basis, for five consecutive financial years. Between 2009-10 and 2013-14, MF managers had cumulatively sold shares worth over Rs 68,000 crore. They had bought shares worth Rs 6,985 crore in 2008-09.
According to the latest Sebi data, fund managers have invested a net Rs 51,977 crore in the April-October period of 2015-16, making it the 18th consecutive month when MFs invested in equities. They have made intensive buying especially in September and August, when the domestic market crashed due to rout in Chinese equities.