Mutual funds invests over Rs 7,000 crore in equities in January

Mutual fund houses made investment of over Rs 7,000 crore in domestic equities in January, even as foreign investors pulled out Rs 5,200 crore. The sell-off by foreign portfolio investors (FPIs) from the Indian equity markets has provided an opportunity to mutual fund managers, experts believe. According to the data available with Sebi and depositories, fund managers bought shares worth Rs 7,160 crore on a net basis last month.

On the other hand, FPIs pulled out Rs 5,264 crore from equities. Investment in domestic equities by fund managers could be largely attributed to retail investors who continue to invest through systematic investment plan (SIP), market experts said.