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Foreign portfolio investors (FPIs) and domestic mutual funds' investments in the equity market at Rs 97,705 crore had surged more than three-fold during the first half (January-June) of the current calendar year (CY17).FPIs invested Rs 55,908 crore and MFs another Rs 41,797 crore in equities. Their collective investment was 3.4 times higher as compared to the same period last year, when they pumped in a net Rs 28,811 crore, shows data from the National Securities Depository (NSDL).The abundant liquidity has taken the benchmark indices - the S&P BSE Sensex and the Nifty50 on the National Stock Exchange - nearly 18 per cent higher, to become the best performing market globally on a year-to-date (YTD) basis. The rally in mid-caps and small-caps has been sharper, with the S&P BSE mid-cap and small-cap indices surging a little over 30 per cent.Of the Rs 41,797 crore invested by MFs thus far, Rs 30,328 crore or 73 per cent was in April-June, the first quarter of the 2017-18 ...