News From Press MFs turn net sellers in April, offload equities worth Rs 5,100 crore

MFs turn net sellers in April, offload equities worth Rs 5,100 crore

Source: Business Standard May 3, 2023

Mutual funds (MFs) turned net sellers of equities in April amid a run up in stock prices on sustained inflows from foreign portfolio investors (FPI).

The benchmark indices, Sensex and Nifty50, logged their biggest monthly advance since November last year, gaining 3.6 per cent and 4.1 per cent last month.

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