Mutual funds set to turn net sellers of equities after 6 years of buying

On a year-to-date basis, domestic funds have offloaded equities worth more than Rs 20,000 crore On a year-to-date basis, domestic funds have offloaded equities worth more than Rs 20,000 crore

Topics
Mutual Funds | Indian equities | Domestic Institutional Investors

Ashley Coutinho  |  Mumbai 

Mutual funds (MFs), for the first time in seven calendar years, are set to be net sellers of Indian equities. They sold equities worth over Rs 22,000 crore in November — the sixth straight month of net selling. On a year-to-date basis, domestic funds are now net-sellers to the tune of more than Rs 20,000 crore.

MFs had been net buyers in the previous six calendar years, including purchases of over Rs 1 trillion in 2017 and 2018. The last time they were net sellers was in 2013 when they sold stocks worth Rs 21,082 crore. Domestic institutional investors (DIIs), which ...

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First Published: Tue, December 01 2020. 23:00 IST
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