Up till September 23, mutual funds had pumped in nearly Rs 7,000 crore into domestic stocks as against Rs 1,100 crore net outflow in August.
Taking advantage of the weakness in the equity market, mutual funds and domestic institutional investors (DIIs) have stepped up their buying in September as foreign portfolio investors (FPIs) turned net sellers. Up to September 29, mutual funds had pumped in over Rs 15,600 crore into domestic stocks against Rs 1,100 crore net outflow in August.
DIIs also displayed a change in stance as they invested a net Rs 11,000 crore into the equity market till September 29. This compares to the Rs 7,000-crore net redemptions in the previous month. FPIs had turned net buyers in July after pumping out money
First Published: Sep 30 2022 | 5:51 PM IST