MFs net buyers of stocks for 22 months in a row, mop up Rs 94 bn in May

In the past 22 months, when MFs have been net buyers, FPIs pumped in less than Rs 400 billion.

Mutual funds (MFs) have purchased stocks worth nearly Rs 94 billion in May.  This is the 22nd consecutive month of straight net buying in the sector. The buying comes despite choppiness in the market, which saw the benchmark Sensex swing 1,200 points from a high of 35,536 to a low of 34,344.

Foreign portfolio investors (FPIs), on the other hand, have been net sellers in the market this month, having pulled out Rs 86 billion. Fund managers are advising investors not to panic when markets turn volatile. Instead, they should use corrections before investing more. 

And, the advice has apparently gone down