Samvat 2075 was a year of DIIs: SIP flows helped cushion FII outflow hit
A continuous flow of money from retail investors into domestic mutual funds through systematic investment plans (SIPs) helped domestic institutional investors (DIIs) cushion a bigger fall in domestic equity in Samvat 2075. In last one year since last Diwali, DIIs poured in a net Rs 53,000 crore into the domestic stock. They were net sellers in just three of last 12 months. Foreign institutional investors (FIIs) invested a net of Rs 69,000 crore in the 12-month period, but they put in most of it before March. In this financial year, FIIs have bought stocks worth Rs 13,000 crore against DIIs’ Rs 64,000 crore. “Domestic investors buy stocks when they get flows. What would a mutual fund guy do if he gets inflows? He has to buy, he can’t sit on it. But what I have seen is that DIIs have been us...
