Mutual funds go bargain hunting in May, buy Rs 29,000 crore of shares from exiting promoters, FIIs
markets
Mutual funds (MFs) emerged as prominent buyers in the month of May, stepping up as buyers at a time of heavy stake sales by promoters and foreign institutional investors via block and bulk deals.
According to data from ACE Equities, domestic mutual funds have invested over Rs 29,000 crore last month via block deals.