Domestic funds splash $1 billion/day on shares in dip-buying spree

Domestic funds splash  billion/day on shares in dip-buying spree

Indian funds bought more than $1 billion of shares daily for three straight sessions through Monday, helping absorb large sales by foreign investors amid a rotation into China’s rebounding markets. Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg. ETMarkets.com Stocks … Read more

Top Indian funds dust off playbooks ahead of index inclusion

Top Indian funds dust off playbooks ahead of index inclusion

As a pivotal year for India’s bond market gets underway, its top money managers are debating the best way to position for inflows that may hit $40 billion, according to some estimates. Aditya Birla Sun Life Asset Management prefers government bonds with maturities of seven to 14 years, while Bandhan Asset favors securities that have … Read more