Bearish trend of Stock Market turns Mutual Funds into net sellers now

As stock markets continue to face a bearish onslaught, domestic mutual funds are turning net sellers. So far, in the current month up to March 18, they have been net sellers to the tune of Rs 1,515 crore.

In the current market anyone would be cautious. One is not sure at what level the market will stabilise. There is hardly any positive clue coming from any quarter. So some selling is expected.

The development comes in the wake of their waning interest in taking up fresh investment commitment with the mutual fund industry’s net purchases coming down to Rs 513 crore in February from Rs 7,700 crore in January.