Foreign portfolio investors (FPI) flows have turned positive on a trailing 12-month (TTM) basis for the first time since December 2021.
Thanks to robust inflows over the past three months, the TTM overseas flows into domestic equities stand at over $7.3 billion-the most since November 2021.
This has helped propel one-year Nifty returns to 12 per cent.
Notwithstanding sharp volatility in March, mutual fund (MF) investors didn t fight shy of investing in riskier small-cap-oriented schemes.
Inflows into small-cap funds were not just the highest in absolute terms, they were also the maximum as a proportion of assets under management (AUM) among all market capitalisation (m-cap)-oriented categories.
Investors funnelled Rs 2,430 crore down small-cap funds - 1.8 per cent of their AUM of Rs 1.33 trillion.
In India, the sentiment is much better and there could be a lull in the flow of money from equity to fixed income instruments. Wealthy clients are said to be a bit more receptive to mid-cap and small-cap ideas
The last fiscal was the worst year for the Indian economy since Independence, but it was the best one for equity investors. What strategy should investors follow if there is a correction or a crash?
Broader market stock bets: Don t say no to mid & smallcaps yet; analysts say these 21 are roaring buys indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.