Indian Millennials & Stocks.
Somewhere around 2008 Nikunj Dalmia, Chief Editor, ET NOW had the opportunity to interview Rakesh Jhunjhunwala and in that famous interview he had mentioned: " A TSUNAMI of domestic flows will come to India". India did see a big influx of funds pouring into the equity markets through the Mutual Funds route in the next couple of years, however, will India see a halt in this trend due to COVID 19? Decadal Low: Consider this, in the data released by AMFI (the body that tracks Mutual Funds), June 2020 had an inflow of just 235Cr. Headlines like " Equity Mutual Funds see a 95% fall in net inflows" dominated all the business dailies. To give you some perspective, the average equity inflows are around 7000 Cr./month. So what just happened? Is it just that people are saving for the uncertain times that are ahead and hence preferring a safe FD in a bank? Or there is something that's changing in the Indian investor landscape? Also, let's not forget the towards the ...