5 days ago
In December, MFs sold equities worth about Rs 37,000 crore, while FPIs bought Rs 50,000 crore worth of equities in the secondary market
Topics
Mutual Funds | FMCG | Foreign Portfolio Investors
Mutual Funds (MFs) remained net sellers in all sectors in December, and sold most in the with banking and financial services (BFSIs), cement and engineering, fast moving consumer goods (FMCG), and metals sectors. The last two months have seen a contrasting trend of MFs offloading banking and FMCG shares and foreign portfolio investors (FPIs) becoming net buyers. In December, MFs sold equities worth about Rs 37,000 crore, while FPIs bought Rs 50,000 crore worth of equities in the secondary market. BFSI names that saw the most selling include Kotak Mahindra Bank, ICICI ...
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First Published: Wed, January 13 2021. 23:31 IST
