Mutual funds (MFs) have purchased stocks worth nearly Rs 94 billion in May. This is the 22nd consecutive month of straight net buying in the sector. The buying comes despite choppiness in the market, which saw the benchmark Sensex swing 1,200 points from a high of 35,536 to a low of 34,344.
Foreign portfolio investors (FPIs), on the other hand, have been net sellers in the market this month, having pulled out Rs 86 billion. Fund managers are advising investors not to panic when markets turn volatile. Instead, they should use corrections before investing more. And, the advice ...
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First Published: Thu, May 31 2018. 06:57 IST
