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Geopolitical tension due to Russia- Ukraine war, concerns over surging crude prices and uptick in domestic inflation have weighed on market performance in recent months
The tally was lower than Rs 25,706 cr garnered in December 2021, but is still a respectable number considering there were no large NFOs in January, unlike the previous month
Flows into equity mutual funds more than doubled to Rs 25,000 crore in December on strong SIP (systematic investment plan) numbers and robust inflow into multi-cap fund category
On the other hand, they increased exposure to ICICI Bank and TCS, and invested heavily in the initial public offerings of chemical company Chemplast Sanmar and cement maker Nuvoco Vistas