Mutual funds net sellers of Indian equities first time in 7 years Mutual funds (MFs) are set to be net sellers of Indian equities for the first time in the past seven financial years, having sold stocks worth about Rs 1.27 trillion so far in 2020-21 (FY21), making it the highest net sales on record in a financial year. MFs had been net buyers in the previous six financial years, including purchases of over Rs 1.41 trillion in FY18, Rs 88,152 crore in FY19, and Rs 91,814 crore in FY20. DFI employees may get shield against 'ill-informed' probe, prosecution The central government will exempt the proposed development finance institution (DFI) employees from what it called ‘ill-informed prosecution and investigation’, offering them protection from both the Central Bureau of Investigation (CBI) and the Enforcement Directorate. A government source said the Bill being vetted by the law ministry will also offer upfront government support, if necessary, to the institution to hedge its foreign money-raised loans.