It is redeeming to see that the Nifty and the Sensex are cruising at record highs, something we predicted quite early in July 2018. The new highs have come about on the back of sustained inflows into mutual funds. This asset class has replaced FIIs as the prime movers of the markets. MF SIPs are handy to absorb the selling pressure by FIIs, who have been net sellers in this calendar year.
It is redeeming to see that the Nifty and the Sensex are cruising at record highs, something we predicted quite early in July 2018. The new highs have come about on the back of sustained inflows into mutual funds. This asset class has replaced FIIs as the prime movers of the markets. MF SIPs are handy to absorb the selling pressure by FIIs, who have been net sellers in this calendar year.
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