News From Press Domestic mutual funds cushion the fall from FPIs’ April sell-offs

Domestic mutual funds cushion the fall from FPIs’ April sell-offs

Domestic mutual funds remain net buyers for the 2nd consecutive month with equity purchases at ₹9,561 cr; MFs account for 61% share.

The Economic Times May 4, 2021

Sustained buying by domestic investors offset the selling pressure from foreign investors in April, showed data from market regulator Sebi and stock exchanges. The local mutual funds and insurance companies together bought equities worth ₹9,651 crore during the month. Of this, 61% was by mutual funds.

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