Mumbai, March 29 -- A typical theme that has dominated equity market conversations over the last six months is whether domestic institutional investors (DIIs) should keep funding the relentless exodus of foreign institutional investors (FIIs) from Indian markets.

Experts, speaking at the Mint India Investment Summit and Awards 2025 in Mumbai on Saturday, however, said investors should look beyond the "us vs. them" mindset, as falling markets usually have barely any correlation with FII selling.

"It is a fool's errand to second guess what FIIs are going to do as there is no correlation between FII selling and markets falling, except the latest one," said Devina Mehra, founder, chairperson and managing director of First Global.

Mehra sai...