As Foreign Institutional Investors (FIIs) turned net sellers in June and August, after five months of buying, a revival trend was witnessed in September. Is this a sign of revival post-government measures or India’s growth story is still far from being revived? Well, that’s definitely debatable.
There is a reason why the World Economic Forum (WEF) has placed India 10 spots lower at 68th rank as compared to last year in its report on global competitiveness. WEF predicts that the global economy is ill-prepared for a downturn after a lost decade for productivity-enhancing measures and is heading towards a major slowdown. It implies that there is barely any central bank in the world that right now is not easing interest rates to combat the growth slowdown. This turned Foreign Institutional Investors (FIIs) into net sellers as they engaged in a selling spree in the month of July ($ -1.9 bn/₹ 190 Crore) and August 2019 ($2.2 bn/Rs.220 Crore), after five months of buying in the calendar year, putting Indian markets on a bearish mode. So far, for the nine months of 2019, S&P BSE Sensex has garnered only 8.3 per cent gains. During the same period, BSE mid cap and BSE small cap index has dropped by 7.8 per cent and 9.6 per cent respectively.
This story is from the November 2019 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2019 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms