In contrast to fleeing from equities after 2008, they're putting money into picking low-priced stocks. Indian retail investors seem not in a mood to repeat what they did during the previous global financial crisis, by not investing when markets had crashed.
Foreign institutional investors (FIIs) net-sold shares worth Rs 10,000 crore or $2.39 billion last month. Retail investors accessing equity markets through the mutual fund (MF) route chose to do the opposite. Domestic investors pumped in close to Rs 2,000 crore in equity schemes (including equity-linked savings schemes) during August, which took fund managers by surprise. This marks the highest monthly net inflow in equity funds so far in the current financial year.
News Source – BUSINESS STANDARD.
NEW FUND LAUNCH
Principal Mutual Fund has launched a new fund named as Principal Pnb Fixed Maturity Plan – Series A2, a close ended debt scheme offering Fixed Maturity Plan having maturity of 91 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue which is open for subscription from 9 September will close on 12 September 2011.
News Source – NAV INDIA.