 "mutual funds")
Both domestic institutional investors (DIIs) and mutual funds (MFs) turned net-sellers after 18 months in August. Between March 2021 and July 22, the former had pumped in Rs 3.65 trillion and the latter Rs 2.55 trillion. MFs are a subset of DIIs, which also includes insurance companies and pension funds.
The selling by domestic institutions comes amid a reversal in FPI flows. In August, FPIs pumped in Rs 65,859 crore into domestic stocks — most since November 2020. This was the second straight month of positive FPI flows. In July, they had bought shares worth Rs 6,720 crore. Between October
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