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Domestic mutual funds remain strong buyers; FPI flows back in black

Domestic investors may lend support to markets in the event of any intermittent correction, say experts

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FPIs sold equities in all the sessions last week. On Friday, they sold shares worth Rs 778 crore

3 min read Last Updated : Aug 30 2021 | 4:04 AM IST

Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Domestic fund houses have continued to invest in stocks, propelled by the success of various new fund offers (NFOs) and strong flows into equity funds. MFs had purchased stocks worth more than Rs 8,300 crore until August 23, according to the data provided on the Securities and Exchange Board of India (Sebi) website.

Jimmy Patel, MD and CEO at Quantum AMC, says: “The surge in equity investments by MFs is because of two key reasons. One, equity NFOs are getting a strong

Topics : SEBI Mutual Funds FPIs NFOs Equity funds

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