NEW DELHI
Indian investors are pumping record money into financial markets despite global tensions. Monthly mutual fund SIP investments jumped to a three-month high of over 31,000 crore rupees this June. Even more surprising was the massive rush for gold ETFs, which skyrocketed by a whopping 570 percent after facing losses in May. Regular stock mutual funds also saw heavy buying, especially in mid-cap and small-cap options. Experts believe regular citizens are increasingly trusting local markets over traditional savings, driving the country’s total mutual fund assets to a historic high of 82 lakh crore rupees.
