Indian retail investors continued to show strong confidence in the country’s stock market, investing a record amount in mutual funds last month, even amid a recent market selloff.
In December, inflows into recurring schemes offered by mutual funds reached 264.6 billion rupees (approximately $3.1 billion). This marks a significant increase, nearly doubling the amount from two years ago. Despite a more than 10% drop in the benchmark NSE Nifty 50 Index from its peak in September, Indian investors have remained steadfast in their commitment to equity funds.
Sustained Investor Confidence
This marked the 46th consecutive month of inflows into Indian equity funds, underscoring the strong and consistent belief investors have in the long-term potential of the market.
Suranjana Borthakur, head of distribution and strategic alliances at Mirae Asset Investment Managers India, attributed this sustained growth to the “strong conviction of investors,” highlighting the resilience of Indian retail investors even in the face of market fluctuations.
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