DII’s bought highest in March 2021 after May 2020
DII’s sold Rs23124cr in Q4FY21 vs selling of over Rs1lk cr in Q3FY21
Domestic Institutional Investors bought Rs 5204 crore worth of Indian equities during the last month of the previous financial year. It marked the first such monthly buying since July 2020 and also the largest since May 2020. They were net buyers in only September 2020 from July 2020 to February 2021. Equity mutual funds have witnessed an outflow for 8 months in a row, Association of Mutual Funds in India data showed.
However, domestic investors bought nearly Rs 9000 crore during the last week of March 2021. The selling by domestic institutions also reduced to Rs 23124 crore during Q4FY21 from over Rs 1 lakh crore in Q3FY21. ET Now’s Managing Editor, Nikunj Dalmia, caught up with Nilesh Shah, Managing Director, Kotak Asset Management and A Balasubramanian, Chief Executive Officer, Aditya Birla Sunlife Asset Management to understand if the selling by domest