Although bourses are roaring, SEBI data shows mutual fund managers have been playing smart by continuing to be net sellers of equities, even in the month of November.
Foreign portfolio investors (FPIs) have taken out ₹1,30,491 crore between January and May 2020, making it the worst period in 5 years. March witnessed the maximum monthly outflow since 2016.
Enhanced foreign investment limits in debt securities will be a boon for India, more so in the near term, as Covid-19 combating measures will drain government resources.
