Domestic Mutual Funds sell shares worth Rs 9K cr in Q3
As per the report, industrial was one of the biggest overweight sector for domestic MF's, while they are underweight on areas like financial, software, metals and mining, utilities and energy.
Interestingly, FIIs infused a net amount of over Rs 45,000 crore in the entire Indian stock market in October-December period on the back of a slew of reforms initiated by the government, pushing the broader market Sensex to surge 18,099 points or nearly 10 per cent. In terms of sectors, the domestic MFs sold shares valued at USD 348 million in the energy sector followed by software portfolio (USD 280 million), pharma (USD 264 million), utilities (USD 249 million) and consumer (USD 195 million).
In contrast, mutual funds investment in the metal and mining stood at USD 283 million.
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