Local funds' equity buys roll over the bang to a new year
Their share in total institutional fund equity AUM rose to 16.97% in January 2022, a multi-year high.
Synopsis
Gross purchases of local equity funds rose to ₹1.24 lakh crore in January 2022, the highest since March 2020, Sebi data showed. That's just ₹622 crore less than gross deployment in March 2020, the month in which the index plunged to lows in the third week.
ET Intelligence Group: January marked one of the shakiest starts to the year worldwide for growth assets, but that hasn't deterred India's brave-heart investors. Gross purchases of local equity funds rose to ₹1.24 lakh crore in January 2022, the highest since March 2020, Sebi data showed. That's just ₹622 crore less than gross deployment in March 2020, the month in which the index plunged to lows in the third week. Gross purchases cover all
