Equity benchmarks remained marginally higher in noon trade with the Nifty inching towards 8650 level, supported by auto, pharma and select banks stocks. However, the selling in ICICI Bank, Infosys, ITC and HDFC limited upside.
Investments made by AIFs have crossed the Rs 24,800-crore mark at the end of the second quarter of 2016-17, a jump of 20 per cent from the preceding three months.
Alternative Investment Funds are a class of pooled-in vehicles for investing in real estate, private equity and hedge funds.
The investment by AIFs stood at Rs 24,862.19 crore as of September 30 compared to Rs 20,667.2 crore at the end of June 30, according to the latest data with the Securities and Exchange Board of India (Sebi).
The Category I AIFs poured in Rs 3,517 crore, Category II Rs 15,334 crore and Category III Rs 6,010 crore.
