Mutual funds pump $12 bn into equities in first six months of FY18

MFs outshine FPIs' investments at $810 million during the April-September period

Investment by mutual funds in domestic equities touched a staggering $12 billion in the April-September period on strong retail investor interest, even as foreign investors trimmed their exposure.

Moreover, fund houses are upbeat over-investment in the stock markets for the remainder of the current fiscal.

According to the latest data, fund managers bought shares worth a net Rs 76,906 crore ($12 billion) in the first half of the ongoing financial year, while foreign portfolio investor (FPIs) pumped in just Rs 5,278 crore ($810 million) in equities during the period.

"We should draw comfort from the fact that domestic institutional investors