Ending 17-month-long buying streak, DIIs, MFs turn net sellers in August

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