Ending their net buying streak of 22 months, the mutual funds (MFs) have turned net sellers in Indian equity market for the first time Narendra Modi became the Prime Minister of India in May 2014. For March 2016, MFs have sold shares worth Rs. 10,198.20 crore in equities, according to the data released by the market regulator Sebi.
However, the MFs pumped in Rs. 82,342.40 crore in debt segment, which is their highest net investment in debt segment since May 2014. Earlier, MFs had bought to the tune of Rs. 77,299.80 crore in debt segment in March 2015.
On the whole, the MFs remained net buyers in Indian securities market with pouring in Rs. 72,144.30 crore (equity + debt), which is their third best performance since May 2014.
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