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Market move● Neutral for Indian equities
Equity Ex-Top 100 SIF gains traction amid small and midcap rally
The brief
- The Equity Ex-Top 100 Long-Short Fund invests in stocks outside the top 100 by market capitalisation
- The fund has seen a sharp rise in recent months amid a small- and midcap rally
- Rising interest in small- and midcaps may draw Indian investor flows toward funds focused on these stocks
- FIIs pull out $56 billion in two years, wiping out eight years of inflows; $177 billion DII buying, rising SIPs cushion Indian markets: Motilal Oswal
- $56 bn FII outflows in 3 years offset inflows since CY2019: MOFSL
- Bulls out of steam, it’s slow & steady on D-Street
- Rout in PB Fintech stock deals Rs 11,000 crore blow to mutual funds