Page 81 - Edelweiss India Conference 2022 FLIPBOOK
P. 81
New Energy Digital Manufacturing Capital Markets Human Capital
Equity cult: SIPs on the rise in India
120
110
100
The capital markets’
90
horizons have indeed
( INR bn ) 80 broadened. New-
age capital markets
70 representing a new-
age economy, and a
60
new-age world
50
Dec 17 Dec 18 Dec 19 Dec 20 Dec 21
SIP Flows ( INR Bin)
Source: CMIE, Edelweiss Research
in the last seven years. Given the increased share of domestic participants, it lowers the
reliance on foreign capital and makes domestic markets relatively less vulnerable to
external shocks. Is the FII still needed? Very much so, and they remain a dominant holder
and driver of capital access. But the emergence of the domestic equity investor, their likely
commitment and consistency in allocation is structurally widening the pool, and changing
the dynamics of capital availability for India’s businesses.
Share of Domestic MFs: Trending up
The share of domestic
participants in free
% Of Free Float Matket Cap
47 43
50 nearly doubled in the
last seven years
40
( % ) 30
20 17
8
10
0
Mutual Funds’ Equity AUM Fill Equity Holding
2014 2021
Edelweiss Securities Limited 79
