New Delhi, June 24 -- Mutual funds are turning out to be aggressive buyers in the bulk and block deal space over the past three to four months, capitalising on discounted valuations and growing market volatility, reported Business Line.

This strategic shift allows them to acquire large quantities of shares without triggering price distortions. Among the top 20 bulk and block deals so far this year, mutual funds have participated in four, with SBI MF, ICICI MF and HDFC MF leading the charge.

An analysis of deals since January shows domestic funds accounted for 20 percent of the top transactions, primarily where promoters or private equity players were offloading stakes.

SBI Mutual Fund invested Rs.12,303 crore while ICICI MF pumped in R...