MF inflows into stocks drop 27% to Rs 51,000 crore in FY17
Sunday, April 9, 2017, 1:12 PM
Mutual fund managers' investment in equities declined by 27% to over Rs 51,000 crore in 2016-17 due to volatility in stock markets. However, fund houses are upbeat about the industry's performance in the new fiscal while expecting investment from new investors to fuel the growth of the sector. In 2015-16, fund mangers had infused Rs 70,130 crore in stock markets.