Mutual Funds Offload Over Rs 16,000 Crore in Equities Across Last 6 Sessions

Mutual Funds Sell Over Rs 16,000 Crore in Equities Between March 20-28 Amid Profit Booking After Market Rally 📉💰

📅 March 20-28: Mutual funds offload equities worth over Rs 16,000 crore, driven by profit booking after recent gains.
📊 Earlier in March: Mutual funds were net buyers, purchasing over Rs 22,900 crore worth of equities from March 1-19.
📈 Market Surge: In March, Sensex rose by 5.8%, Nifty by 6.3%, and broader indices like BSE MidCap (+7.6%) and SmallCap (+8.3%) saw even sharper gains.

Experts point to profit-taking as a key factor behind the shift in mutual fund strategy.