The gross buy-to-sale ratio of local funds rose to 1.12 in January compared with the long-term average of 1.07. The latest investment figures suggest that the inflow for mutual funds remained strong in January. The data on inflow will be reported by the Association of Mutual Funds in India (AMFI) on Thursday.
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Public equity fundraising rose 59 per cent to ₹1.44 lakh crore in calendar year 2023, led by 57 mainboard initial public offerings (IPOs) that raised ₹49,434 crore.
An analysis of shareholding patterns of new-age firms such as Zomato, Paytm, Delhivery, Nykaa and PB Fintech, showed mutual funds have increased their holdings in several of these companies slowly but significantly over the last four quarters.
The equity portfolio value of domestic funds rose to Rs 27.90 lakh crore in September 2023, data from NSDL show, driven by increased investment by local funds that offset the impact of redemption by foreign funds (FPIs).