Business

Local fund buying shields D-St from pressure of overseas funds’ selloff

By Dan Neff

In January, systematic investment plan (SIP) monthly bookings reached a record high of ₹13,856 crore.

Synopsis

The gross purchase of domestic funds amounted to ₹1.01 lakh crore and the gross buy-to-sell ratio – a measure of underlying investment momentum – stood at 1.14, compared with a long-term average of 1.07, showed data from the Securities and Exchange Board of India.

ET Intelligence Group: Domestic investors continued to provide unwavering support to equity markets in February as the gross purchase of local funds remained above ₹1 lakh crore for the third month in a row, cushioning the selling pressure emerging from overseas funds. The gross purchase of domestic funds amounted to ₹1.01 lakh crore and the gross buy-to-sell ratio – a measure of underlying investment momentum – stood at 1.14, compared with a

BY

ET Bureau

2 mins read, Last Updated:

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Dan Neff