Domestic institutional investors (DIIs) bought stocks worth nearly $30 billion during the first half of the current year (H1CY22), with mutual funds (MFs) making $30 billion in the highest inflows across financial, IT, consumer discretionary, auto and other sectors. 16.8 billion purchases. A note by oil and gas, brokerage and research firm ICICI Securities said.
Top Stocks With Rise in mutual funds Holdings during H1CY22 were Gland Pharma, Bandhan Bank, SBI Cards, Tech Mahindra and UltraTech Cement, data analyzed by ICICI Securities showed. dii flow The current year to date (CY22TD) has been relatively strong.
Meanwhile, Bharat Petroleum Corporation Limited (BPCL), Tata Steel, Tata Consumer, Indian Oil Corporation Limited (IOCL) and UPL are among the stocks that saw a decrease in MF holdings during the same period.
DII and MF purchases have declined in the range of around $700 million-$800 million in the second half so far (as of August 30, 2022). Inflows into MF schemes continue despite volatility in Monthly Systematic Investment Plan (SIP) 120 billion MF equity assets under management (AUM) stood at approx. 21 trains by July 2022.
On the other hand, Foreign Portfolio Investors (FPIs) have become net buyers in the Indian equity markets for two consecutive months. Till early July, foreign investors were selling equities in the Indian markets for the past nine-ten months for various reasons.
FPI buying in H2CY22 (as on 15 August 2022) is driven by domestic economy sectors such as consumer discretionary, financial, industry, FMCG and telecom. However, sectors driven by global factors such as oil and gas, IT and metals were sold off by FPIs, the brokerage note highlighted.
FPIs became net buyers for the first time in July, after nine consecutive months of massive net outflows, which began in October last year. Between October 2021 and June 2022, they sold massive 2.46 lakh crore in the stock market of India.
Global inflation, coupled with the recent withdrawal of foreign investments, has helped Indian equity markets gain momentum over the past month. The recent rise in the stock index has helped make up for the entire loss suffered by investors in 2022 so far.
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