There has also been some selective rise in flows into portfolio management service schemes and alternative investment funds
On Monday, March 16 at 11:30 am, as the markets began a week that would see the S&P BSE Sensex fall below the 30,000-mark, a well-known firm with a large number of high net-worth clients had a conference call. It advised them to boost equity allocations.
At least some high net-worth individuals (HNIs) seem to have been of a similar view. They have been buying amid the general weakness that has characterised March, barring the last few sessions. The Sensex has jumped around 15 per cent in the last three days, though at 29,946.77 (as of Thursday’s close), it remains shy of the 30,000-mark and 29.2 per cent off its peak of 42,273.87 attained on January 20.
The exchange data
First Published: Mar 27 2020 | 02:23 AM IST