Domestic equity mutual funds received inflows of $3.9 billion, the highest ever for any month, and including ETFs, the figure stood at $4.1 billion. Photo: AFPNew Delhi: Equity markets are in the middle of strong capital inflows and the “dream run” may just be starting as India makes the most of “domestic liquidity supercycle”, says a Morgan Stanley report. Domestic equity mutual funds received inflows of $3.9 billion, the highest ever for any month, and if exchange-traded funds (ETFs) are included, the figure stood at $4.1 billion. Year-to-date, domestic mutual funds have received equity inflows of $18.6 billion while ETF infusion so far this year read $2.6 billion, it said. “We remain of the view that India is in the midst of domestic liquidity supercycle,” Morgan Stanley India strategists Ridham Desai and Sheela Rathi said in a research note.

Source: Mint September 08, 2017 09:22 UTC