Foreign Institutional Investors (FIIs) sold Indian equities worth Rs 325 crore on January 10. The FIIs pulled out Rs 3,008 crore so far in January, NSDL data shows. The outflows in December was Rs 8,176 crore. Market analysts are attributing the outflows to the likely interest rate hikes in the USA. Should mutual fund investors be worried?
"I don't think there is anything to panic about. There are a lot of inflows from mutual funds and insurance companies. Also, investors are looking towards equities more because the other assets have become redundant. So, I think the situation is quite balanced at this point," says Vinit Sambre, Fund Manager, DSP BlackRock Mutual Fund.
