Mutual Funds FIIs

Only if more skeletons don't emerge from the closet

FIIs have been on a selling spree across most EMs, including India where they have sold over $11 billion worth of equities since October 2021 when they started to unwind their position here

Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors

Money put in by both MFs & FIIs has been strong this year, helping benchmark indices rise 20%