INSUBCONTINENT EXCLUSIVE:
Mumbai: While foreign institutional investors (FIIs) are on a selling spree in Indian equity market as fears over a likely coronavirus
pandemic has taken risk off the table, domestic investors have been busy lapping up value bets
A steady flow of SIP (systematic investment plan) money has kept them flush with funds to continue their shopping spree.
BSE Sensex crashed
nearly 3,000 points in 11 sessions between February 12 and 28, when Dalal Street first caught the chill from the coronavirus
on Monday, with Sensex rebounding 665 points
Since February 25, mutual funds have been net buyers of Indian stocks to the tune of Rs 3,023.55 crore, and have invested a net of around Rs
Asset Mutual Fund.
Asked if he anticipates more pain ahead and if he would hold back purchases, Mohanty said the SIP (systematic investment
plan) book had regular flows, and that money would be available at a later date too, if the market corrects further.
Mutual fund inflows
through SIPs hit a new all-time high of Rs 8,532 crore in January 2020, vaulting past a December record
Data from the Association of Mutual Funds of India (Amfi) showed for the 14th consecutive month, collections through SIPs have stayed above
though the growth engine is going through a rough patch right now.
S Naren, CIO of ICICI Prudential AMC, said these dips in the market are
will give you such opportunities
And the beauty has been that, in last 45 days, the last day of January, first of February and 28th of February, we got superb opportunities