Domestic mutual funds for the third month in a row offloaded shares in November selling equities worth Rs 482 crore in the month to take total outflows from equities to Rs 13,721 crore in 2013 so far.
Domestic mutual funds (MFs) sold shares throughout 2013 barring May and August. MFs offloaded shares worth Rs 4,018 crore in October while worth Rs 2,801 crore in September.
On the other hand, net inflows by foreign institutional investors were more than Rs 8,000 crore into stocks last month, according to data available with market regulator Sebi.
That took total investments by foreign investors in equities to over Rs 97,000 crore in 2013 so far.Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.