What mutual funds bought and sold in January 2021
Mutual funds have been net sellers on most days in Jan-21, except for the last few days when FPIs had turned net sellers and domestic funds supported the markets ahead of the Union Budget. Indian mutual funds have been on the defensive on most days when it comes to flows into equities. Just steal a quick glance at the numbers to understand that! In last few months, mutual funds have been net sellers on more than 90% of the days even as foreign portfolio investors were buying. Check the chart below on MF flows into equities in Jan-21. Data Source: NSDL Mutual funds have been net sellers on most days in Jan-21, except for the last few days when FPIs had turned net sellers and domestic funds supported the markets ahead of the Union Budget. However, the net outflow of Rs12,980cr in equities in Jan-21 only tells you part of the story. The bigger story has been one of heavy churning in equities by mutual funds. That is obvious when you consider that domestic funds bought equities wort