Today news
The same in other media
10.04 - 14:09
Mutual funds’ steady SIP flows face their biggest ever test yet
Reading now: 202
Domestic institutional investors (DIIs) have traditionally acted as a backstop whenever there is heavy selling by foreign portfolio investors (FPIs).
When the market fell by 60% between January and October 2008, DII net purchases worth $15 billion helped absorb FPI selling worth $13.1 billion, data collated by UBS Securities India Pvt.
Ltd shows. However, the role of mutual funds was relatively small back then, accounting for less than 20% of net purchases by DIIs.
With the surge in inflows into mutual funds in recent years, their role in the markets has increased considerably. Between 24 February and 23 March this year, while FPIs sold equities worth ₹65,371 crore ($8.73 billion), purchases by mutual funds stood at ₹32,448 crore ($4.33
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|