BFSI - #SectorUpdates
Net inflows in equity schemes in, September, according to AMFI data, went up 130 percent month on month (m-o-m) to Rs 14,100 crore. Experts have opined that buoyant equity inflows displayed investor confidence in the Indian market. The trend augurs well for the markets. Despite market volatility and negative trends globally, Indian investors have reposed faith in the domestic economy and markets. India continues to remain a bright spot amid fears of recession the world over and the time is right to invest in Indian equities. Recent data on household savings released by the Reserve Bank of India also indicates a swing in investment pattern. The demography of the country is playing out in mutual funds’ favour. The industry added over 10 million new investors in FY22, compared with 22.9 million in the first 20-25 years of existence.