Mutual funds (MFs) are set to be web sellers of Indian equities for the primary time prior to now seven monetary years, having offered shares value about Rs 1.27 trillion to date in 2020-21 (FY21), making it the very best web gross sales on report in a monetary yr. MFs had been web consumers within the earlier six monetary years, together with purchases of over Rs 1.41 trillion in FY18, Rs 88,152 crore in FY19, and Rs 91,814 crore in FY20.
The final time they offloaded Indian equities was in FY14, once they web offered shares value Rs 21,159 crore. In distinction, overseas portfolio buyers (FPIs) have …
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First Printed: Wed, March 17 2021. 06:10 IST