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Synopsis
The equity portfolio value of domestic funds rose to ₹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).
ET Intelligence Group: The equity portfolio value of domestic mutual funds has scaled a new high, as local fund managers increased their wagers on stocks to benefit from prices that have cooled off from record levels.The equity portfolio value of domestic funds rose to ₹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). Local funds
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