: Saturday, February 20, 2021, 8:41 AM IST MFs invest in all IPOs; trims position on Reliance Industries, Infosys, Bharti Airtel and other Nifty heavyweights Representational image/IPO As equity and equity-linked mutual funds witnessed outflow of funds for the seventh consecutive month in January, domestic mutual funds trimmed positions in Nifty heavyweights including Reliance Industries (RIL), Infosys and Bharti Airtel, showed an Edelweiss report. It noted that alhough MFs were net sellers in the telecom major Bharti Airtel, foreign portfolio investors (FPI) increased their bet in telecom stocks in January. "In January, domestic MFs trimmed positions in Nifty heavyweights like Reliance Industries (Rs 2,081 crore), Infosys (Rs 2,011 crore), Bharti Airtel (Rs 1,200 billion), PowerGrid and TCS (Rs 1,000 crore each)," it said.