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Mutual Fund commentary
Mutual Fund Roundup continues to remain the same post the
Indian equity markets registered positive Budget.
returns in January 2017. The barometer MF Activity
index, S&P BSE Sensex delivered positive Indian mutual funds turned net buyers of
return of 3.87% to settle at 27655.96 and equities to the tune of Rs 5,233.90 crore in
Nifty 50 gained 4.59% ending the month the month of January 2017. Highest buying
at 8561.30. The Union Budget managed to was recorded in the fourth week of the
tread on the path of fiscal consolidation month when the fund houses made total
alongside higher capital expenditure net buy of Rs 1,914.10 crore of equities.
regime. Slowdown in growth, fiscal On the other hand, foreign institutional
prudence and inflationary pressure is investors (FIIs) sold Rs 1,176.60 crore worth
expected to leave room for RBI to reduce of equities in January 2017.
interest rates. The capital gains tax regime
on mutual funds – both equity and debt
Mutual Fund Activity in jan 2017
Rs in Gross Gross Net
Crores Purchases Sales Investment
1st Week 6939.60 5738.70 1200.90
2nd Week 9971.60 8288.30 1683.30
3rd Week 8788.20 8370.70 417.60
4th Week 8302.40 6388.50 1914.10
5th Week 3983.90 3966.00 18.00
Total 37985.70 32752.20 5233.90
9 ARIHANT CAPITAL ¡ FEBRUARY 2017
