The three-month rolling average of equity investments at Rs 10,500 crore by the local mutual funds in May turned positive for the first time in 11 months, the SEBI data show. This has compensated for the selling by foreign investors. It includes exposure to the equity funds, index funds, ETFs, and balanced funds for trades in the secondary market. However, the buying intensity of the local funds eased in May with a gross purchase of Rs 54,603 crore, the lowest in six months. Their share in the total equity turnover dropped to 4.1% in May 2021, the lowest since August 2020.
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