In November so far, MFs have pumped Rs 8,000 crore into equities

November 25, 2016 11:31

Mutual fund managers have invested a little over Rs 8,000 crore in stocks so far this month, amid weakness in the stock market, reports Chandan Kishore Kant in Business Standard, and they expect the market volatility to continue and to buy at lower prices.

'The Indian markets are down nearly seven per cent in the past fortnight, due to uncertainty on how demonetisation will impact economic growth. Domestic MFs, with equity assets under management worth Rs 5 lakh crore, were seen buying frontline stocks such as Tata Motors, Infosys, Tata Consultancy Services, Maruti Suzuki, ACC, Ambuja Cements, ICICI Bank, Kotak Mahindra Bank, Asian Paints and State Bank of India. Most of these stocks have seen a sharp fall,' he writes.

You can read the full report here.

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