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Domestic equity inflows could double to $ 55 Billion due to Demonetisation

Domestic equity inflows could double to $ 55 Billion due to Demonetisation

Wednesday, March 8, 2017, 6:36 PM

Global research house Citi, believes the flow of domestic money into India’s equity markets may double during the next fiscal year (FY) to $ 55 billion, compared to the $ 28 billion, during the financial year 2016-17. The cumulative mutual fund buying has been steadily increasing and demonetization has also added to that momentum.
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