Stock market correction prompts equity fund managers to step up buying

Pump in Rs 100 bn in February, most in three months

A near 10 per cent fall in stock market prices this month has prompted equity fund managers to step up their buying.
 
Following their established strategy of 'buy on dips', they have put a little over Rs 100 billion in stocks, the most in three months and the second highest since April 2017.
 
Fund managers had applied the brakes on investment in December and January when stock prices had jumped sharply. Their monthly investment tally for these two months was Rs 83 billion and Rs 90 billion, respectively.
 
As a result, their cash at hand had risen,