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News From Press Reversal of foreign flows on cards, says Birla Sun Life Mutual Fund

Reversal of foreign flows on cards, says Birla Sun Life Mutual Fund

Source: Business Standard Jan 11, 2019

Indian equity markets saw the largest outflows from foreign institutional investors (FIIs) in 2018 since the global financial crisis in 2008.

However, according to domestic fund house Aditya Birla Sun Life Mutual Fund (MF), the flows could improve. While sharing the equity outlook for 2019, Mahesh Patil, co-chief investment officer (equity) of Aditya Birla Sun Life MF, said FII flows should reverse on the back of an improving macro picture for India. “With a pull-back in oil prices, the current account deficit will improve and the balance of payments will also be in a better position,” said Patil.

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