Overseas investors have pumped in a staggering $4 billion into the Indian stock market in the first two weeks of February, taking the investment tally to $8 billion for calendar year 2013 so far.
Foreign Institutional Investors (FIIs) infused a net amount of $3.95 billion (about Rs 21,058 crore) in Indian equities in February so far, taking the total for the year to $8 billion (Rs 43,117 crore).
Market analysts attributed strong FII inflows to signs of RBI easing interest rates and the subsequent impact of improved liquidity position.
Additionally, a slew of measures taken by the government, including the postponement of GAAR (General Anti Avoidance Rules) implementation by two years to 1 April 2016 and partial decontrol in diesel prices, have also attracted foreign investors.
During 1-15 February, FIIs were gross buyers of shares worth Rs 51,722 crore, while they sold equities amounting to Rs 30,664 crore, translating into a net investment of Rs 21,058 crore ($ 3.95 billion), as per Sebi data.
Foreign fund houses also infused Rs 913 crore ($170 million) in the debt market in February. This takes the overall net investments by FIIs into debt markets to Rs 3,860 crore ($721 million) so far this calendar year.'FIIs have been betting high on Indian equities for the last six-seven months and reform measures taken by the government has further boosted the sentiment,' Wellindia Executive Director Hemant Mamtani said.
'Besides, FIIs have been infusing money into the Indian market on account of change in RBI's monetary policy that have added liquidity to the system. This liquidity will help in growth of the country,' he added.FIIs bought equities worth $24.4 billion in 2012, about $5 billion below record purchases two years ago.
As on 15 February, the number of registered FIIs in the country stood at 1,757 and total number of sub-accounts was 6,341.
MF ASSET BASE RISES BY RS 66,000 CR IN JANUARY
Starting off the New Year on a bullish note, the mutual fund industry's overall asset base grew by a whopping Rs 66,000 crore to touch Rs 8.26 lakh crore in January.
The robust growth primarily came on the back of strong inflows in categories such as money market, income and gilt funds, amid the government making efforts to attract more investors into the domestic mutual fund industry.
Total Assets Under Management (AUM) rose by Rs 66,000 crore or an increase of nine per cent in January, compared to Rs 7.59 lakh crore in December 2012.
AUM stood at Rs 8.26 lakh crore at the end of January, according to latest data available with the Association of Mutual Funds in India (AMFI).The mutual funds collect money from investors and later invest the same into various market segments including stocks, IPOs (primary market) and bonds.
A total inflow of Rs 60,732 crore was witnessed in January 2013, the highest since April 2012. However, the mutual fund industry saw outflows of Rs 40,900 crore in December.
Industry expects net inflow into mutual funds to further pick-up in the coming months as the government and Sebi have expressed their intention to revive equity culture in the country and help channelise the household income into stocks, mutual funds and insurance sectors.
Inflows in money market and income funds that invest only in debt instruments issued by government, public or private companies, have contributed most to the industry's rising AUM.
Foreign Institutional Investors (FIIs) infused a net amount of $3.95 billion (about Rs 21,058 crore) in Indian equities in February so far, taking the total for the year to $8 billion (Rs 43,117 crore).
Market analysts attributed strong FII inflows to signs of RBI easing interest rates and the subsequent impact of improved liquidity position.
Additionally, a slew of measures taken by the government, including the postponement of GAAR (General Anti Avoidance Rules) implementation by two years to 1 April 2016 and partial decontrol in diesel prices, have also attracted foreign investors.
During 1-15 February, FIIs were gross buyers of shares worth Rs 51,722 crore, while they sold equities amounting to Rs 30,664 crore, translating into a net investment of Rs 21,058 crore ($ 3.95 billion), as per Sebi data.
Foreign fund houses also infused Rs 913 crore ($170 million) in the debt market in February. This takes the overall net investments by FIIs into debt markets to Rs 3,860 crore ($721 million) so far this calendar year.'FIIs have been betting high on Indian equities for the last six-seven months and reform measures taken by the government has further boosted the sentiment,' Wellindia Executive Director Hemant Mamtani said.
'Besides, FIIs have been infusing money into the Indian market on account of change in RBI's monetary policy that have added liquidity to the system. This liquidity will help in growth of the country,' he added.FIIs bought equities worth $24.4 billion in 2012, about $5 billion below record purchases two years ago.
As on 15 February, the number of registered FIIs in the country stood at 1,757 and total number of sub-accounts was 6,341.
MF ASSET BASE RISES BY RS 66,000 CR IN JANUARY
Starting off the New Year on a bullish note, the mutual fund industry's overall asset base grew by a whopping Rs 66,000 crore to touch Rs 8.26 lakh crore in January.
The robust growth primarily came on the back of strong inflows in categories such as money market, income and gilt funds, amid the government making efforts to attract more investors into the domestic mutual fund industry.
Total Assets Under Management (AUM) rose by Rs 66,000 crore or an increase of nine per cent in January, compared to Rs 7.59 lakh crore in December 2012.
AUM stood at Rs 8.26 lakh crore at the end of January, according to latest data available with the Association of Mutual Funds in India (AMFI).The mutual funds collect money from investors and later invest the same into various market segments including stocks, IPOs (primary market) and bonds.
A total inflow of Rs 60,732 crore was witnessed in January 2013, the highest since April 2012. However, the mutual fund industry saw outflows of Rs 40,900 crore in December.
Industry expects net inflow into mutual funds to further pick-up in the coming months as the government and Sebi have expressed their intention to revive equity culture in the country and help channelise the household income into stocks, mutual funds and insurance sectors.
Inflows in money market and income funds that invest only in debt instruments issued by government, public or private companies, have contributed most to the industry's rising AUM.