FPI, mutual fund investments soar to Rs 97,000 cr in first half of 2017

Collective funds pumped into the equity market were 3.4 times higher than last year's investments

Foreign portfolio investors (FPIs) and domestic mutual funds' investments in the equity market surged more than three-fold at Rs 97,705 crore 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