News From Press Equity MFs turn cautious in April, offload stocks as FPIs start buying

Equity MFs turn cautious in April, offload stocks as FPIs start buying

Source: ET May 5, 2023

At a time when foreign portfolio investors (FPIs) are once again showing interest in Indian equities, domestic funds seem to be in the mood of consolidation. The gross buy-to-sell ratio of domestic mutual funds dropped to a 28-month low of 0.93 in April 2023, the data from SEBI showed. It was below the long-term average value of 1.07 reflecting a decline in the buying momentum among local funds.

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