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Have retail investors figured out the market move? It seems so
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This story is from December 19, 2020
Have retail investors figured out the market move? It seems so
Partha Sinha / TNN / Updated: Dec 19, 2020, 10:34 IST
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(Representative image)
MUMBAI: Retail investors in equity mutual funds are showing signs of maturity. In October and November, as both sensex and Nifty touched new highs on a regular basis, the investors took out a record amount of money over Rs 15,400 crore from equity funds. They reinvested this into short-term debt funds, which are comparatively less volatile than equities.
Compare this with the huge net buying of stocks aggregating over Rs 17,900 crore in March and April this year, when the markets had crashed and then showed some recovery.