ET Intelligence Group: The swelling flow of domestic funds in the local equity market raises concern over its stickiness. But, data pertaining to the proportion of assets under management (AUM) and household savings in the GDP indicate that the flow may remain intact in the medium term.
The total AUM of domestic mutual funds is 12 per cent of the GDP as compared to the global average of 55 per cent. The penetration level is even lower for equities. Equity AUM to GDP ratio in Indi ..
