Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers

Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, 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