The domestic funds invested net Rs 32,823 crore in April 2024 taking the total investment in the current calendar year to Rs 1.2 lakh crore, which was about 68% of the total investment in the previous year.
Mutual funds played a major role in the sustained rally in the market. Inflows into equity mutual fund schemes increased by 23 per cent to Rs 26,865.78 crore on a net basis in February.
In 2023, the Indian stock market initially faced a downtrend but later experienced a significant rally, with Nifty achieving an year-to-date return of +18%.
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