Mutual Fund Award 2022
Since mid-June 2022, equity markets have been on a tear. The Nifty 50 gained almost 16.55 per cent or 2,531.75 points as of August 16, 2022. This is most likely due to a trend reversal in foreign institutional investors’ (FII) investment. Since October 2021, FIIs have been net sellers, selling shares worth ₹3.91 lakh crore. FIIs have purchased shares worth ₹16,218.5 crore since August 2022. Furthermore, there was not a single trading day in a month till August 17, 2022 when FIIs were net sellers. This demonstrates that FIIs have become net purchasers.