MFs invest Rs 1,600 cr in equity in Aug

Domestic mutual funds (MFs) purchased shares worth over Rs 1,600 crore in August, after pulling out more than Rs 2,400 crore in the preceding two months.

The funds bought shares worth about Rs 1,607 crore in the equity market during August following a net outflow of Rs 2,169 crore in July and another Rs 269 crore in June, as per the latest data available with market regulator Sebi.

MFs have sold shares to the tune of Rs 6,420 crore since the beginning of the year.
Also, MF investors put in Rs 3,752 crore in debt schemes after pulling out Rs 23,740 crore in such schemes in July. 

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