News From Press Mutual funds’ steady SIP flows face their biggest ever test yet

Mutual funds’ steady SIP flows face their biggest ever test yet

Source: Mint Mar 30, 2020

Domestic institutional investors (DIIs) have traditionally acted as a backstop whenever there is heavy selling by foreign portfolio investors (FPIs). When the market fell by 60% between January and October 2008, DII net purchases worth $15 billion helped absorb FPI selling worth $13.1 billion, data collated by UBS Securities India Pvt. Ltd shows.

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