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Individual investors’ holdings in passive funds jump in FY21
May 14, 2021
Low cost, simple structure of funds drive global trend
Passive investing is gaining more currency among Indian retail investors and high net worth individuals (HNIs) as they increasingly look for simple, transparent and low-cost investment options. This is reflected in index funds and exchange traded funds (ETFs) witnessing a significant jump in retail and HNI assets over the last two fiscals.
According to AMFI data, the asset under management (AUM) of HNIs in index funds have jumped 176 per cent to ₹8,267 crore as of March 2021 while index fund AUM of retail investors grew 157 per cent.
FPIs increase their bets on private banks in FY21
May 06, 2021
Betting on strong earnings and growth prospects coupled with better asset quality experience and operating performance, foreign portfolio investors (FPIs) have increased their stake in all major private banks in the range of 3-22 per cent during FY21.
The foreign investors, though, stayed away from PSU lenders amid concerns over their asset quality and capital raising ability.
Abandoning PSU banks
“FPIs typically look at three factors which include operational efficiency of the franchise, return ratios and earnings growth. All this finally boils down to return on assets (RoA) and return on equity (RoE), which are obviously higher in private sector banks,” said independent analyst Ajay Bodke.
Read more about Market Ahead Podcast, May 3: Top factors that could guide markets this week on Business Standard. Volatility is expected to remain high in the events-heavy week. Street will react to the Reliance Industries results which came in after market hours on Friday
State elections: How D-Street analysts read the verdicts in Bengal, TN, Kerala, Assam
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Synopsis What will sway sentiment are the grim Covid numbers and any further restrictive policy decisions to control the second wave, analysts said.
The election results may not severely impact the market direction, say analysts.
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NEW DELHI: The election outcomes in four states and the Union Territory of Puducherry have come as a mild setback for the ruling BJP, said analysts, who believe the domestic stock market could be disappointed, especially with the results in West Bengal, as it is being interpreted as a backlash against the Modi regime.