Reported 11 months ago
Indian equity funds saw a surge in record-high inflows last month, totaling 347 billion rupees ($4.2 billion) as retail investors remained undeterred by stock market volatility ahead of election results. Individual investors in India are increasing their equity investments due to better returns compared to traditional options like fixed deposits and bonds. Despite concerns over post-election stability, monthly recurring plans were a popular choice among retail investors, with HDFC Manufacturing Fund receiving significant subscriptions.
Source: YAHOO