The data in terms of flows into equity mutual fund is tremendous, almost Rs 13,000 crore is what equity mutual funds took in, in the month of July and it is a new high.
In an interview to CNBC-TV18, Aashish Somaiyaa, MD & CEO of Motilal Oswal AMC shared his readings and outlook on the same.
Somaiyaa said systematic investment plan (SIP) is rising by Rs 150-200 crore of fresh commitment every month. So between 40 percent and 50 percent of the net flow in equities is coming in by way of SIP, he added.
"When you talk about intelligent money - it is also a question of what kinds of opportunities are available. If everything is moving to the organised market, if everything is moving digital and cashless then we are operating against a particular context or a particular background," said Somaiyaa.
When we talk about Rs 12,000 crore equity flow or 5,000 crore SIP; we are basically talking about the flow of money. We need to also keep in mind that in the background a particular stock of money or a stock of investments in savings, which I can say for sure, is getting reorganised right now, he further added.Watch accompanying video for more details.