For the first time after 10 months, mutual fund companies have netted Rs 2476 crore in the stock market in March.
In March, FPI invested a net Rs 17,304 crore in Indian markets.
Foreign portfolio investors (FPIs) continued their investment in Indian markets for the third consecutive month in March. In March, FPI made a net investment of Rs 17,304 crore in Indian markets. According to the depository data, FPIs invested Rs 10,482 crore in stocks and Rs 6,822 crore in debt or bond markets during March 1 to 31. Thus his net investment was Rs 17,304 crore. At the same time, mutual funds have also invested for the first time in 10 months.
Talking about the performance of the stock market, the 30-share Sensex gained 1,021.33 points or 2 per cent. Stock markets were closed on Monday and Friday. The total market cap of BSE listed companies stood at Rs 207.26 lakh crore this week as compared to Rs 201.27 lakh crore last week. In this way, the wealth of investors increased by 6 lakh crores on a weekly basis. Only the market cap of 8 of the top 10 companies of Sensex increased by a total of Rs 1,28,503.47 crore. The companies in the IT sector benefited the most were Tata Consultancy Services (TCS) and Infosys.
There was buying in January and February too
Earlier, FPI had invested Rs 23,663 crore net in Indian markets in February and Rs 14,649 crore in January. Grow co-founder and Chief Operating Officer (COO) Harsh Jain said that the growing cases of COVID-19 infection are affecting investment in Indian markets. He said that during the second wave of Corona virus, the market is largely stable due to the vaccination campaign and the improvement in the economy.
Adequate liquidity in the global market
Morningstar India Associate Director (Manager Research) Himanshu Srivastava said that there was excessive liquidity in the global financial markets after the US announced a $ 1,900 billion pandemic relief package. It is flowing towards emerging markets like India.
Mutual fund invested for the first time in 10 months
Mutual fund companies have infused Rs 2,476 crore in shares in March. In this way, for the first time in 10 months, there has been a net investment in shares by mutual funds. Consolidation in the stock markets has given fund managers the opportunity to invest. Invest 19 founder and CEO (CEO) Kaushendra Singh Sengar said that mutual fund investment in stocks will remain stable in the near future. According to data from the Securities and Exchange Board of India (SEBI), mutual funds have been continuously withdrawing from shares since June, 2020 before March.
In this way mutual funds withdraw money
Earlier in February, mutual funds withdrew Rs 16,306 crore from shares and in January, Rs 13,032 crore. He pulled out Rs 26,428 crore from shares in December, Rs 30,760 crore in November, Rs 14,492 crore in October, Rs 4,134 crore in September, Rs 9,213 crore in August, Rs 9,195 crore in July and Rs 612 crore in June.
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