Page 80 - Edelweiss India Conference 2022 FLIPBOOK
P. 80
THE NEW EDGE
A Capital shift
India boasts one of the oldest stock markets in the world, but historically private capital has been scarce, and India and
its businesses have operated within that mindset. A lot has changed since the opening up to the foreign investor, the
formalisation and institutionalisation of the markets, so much so that the country has been an important destination
of the Foreign Institutional Investor (FII) for a while. They have also been a dominant investor in the markets, and a
risk-taking, investments and experimentation. The capital markets’ horizons have indeed broadened. New-age capital
markets representing a new-age economy, and a new-age world.
Domestic Equity Cult
The recent years mark a real change in the dominance of institutions on the equity market
landscape. India’s equity markets were dominated by foreigners, which constituted about
This has changed radically. The domestic MF industry has exploded 10x in last seven years
been predominantly through regular monthly contributions, or SIPs, makes them more
The domestic MF stable and committed.
industry has exploded
10x in last seven years Total equity AUM deployed by all MFs
with total equity AUM
deployed by them now 20,000
~INR20tn!
16,000
12,000
( INR bn )
8,000
4,000
0
CY09 CY11 CY13 CY15 CY17 CY19 CY21
Total Equity AUM of MFs
78 Edelweiss Securities Limited
