Riding on the steady rise in inflows, mutual funds have more than doubled their net equity investment to ₹43,465 crore last month against ₹20,718 crore logged in October.

In fact, MFs were consistent buyers in the equity market throughout last month except for two days when they pulled out ₹2,473 crore, according to data sourced from SEBI .

The consistent buying by MFs boosted market sentiment and pushed the bellwether Nifty and Sensex indices up last month. Sensex gained 1,729 points or 2 per cent to 85,707 points against 83,978 on November 3. In the same period, Nifty was up 440 points to 26,203 points from 25,763 points. MFs were net sellers in debt at ₹72,201 crore against ₹12,771 crore.

On the other hand, foreign portfolio investors (FPI) have pulled out ₹3,765 crore last

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