When it comes to investing in the Indian market, domestic investors (mutual funds) and foreign portfolio/institutional investors (FPIs/FIIs) often take contrary stands. For example, during the meltdown in March when the BSE Sensex fell by more than 30 per cent, FIIs were record sellers, selling shares worth more than Rs 65,000 crore, whereas equity-oriented mutual funds put in more than Rs 11,000 crore.
