Equity Market Update - March 2016
Equity markets rebounded globally in March after correcting for three months in a row.
FII’s have bought $3.2bn in equities in India during March. This is interesting as FII’s had sold $7.1bn of Indian equities in FY16 till February. The Rupee appreciated 3.2% versus the USD in March. Net outflow in domestic Equity mutual funds in the month of March 2016 was Rs 3,206 crs. Total inflows in FY16 have been close to Rs. 68,000 crs.
In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium to long term view) and to stay invested.
Equity markets rebounded globally in March after correcting for three months in a row.
FII’s have bought $3.2bn in equities in India during March. This is interesting as FII’s had sold $7.1bn of Indian equities in FY16 till February. The Rupee appreciated 3.2% versus the USD in March. Net outflow in domestic Equity mutual funds in the month of March 2016 was Rs 3,206 crs. Total inflows in FY16 have been close to Rs. 68,000 crs.
In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium to long term view) and to stay invested.
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