Jefferies Warns of Slowing Equity Inflows From Indian Investors
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The torrent of retail funds flowing into India’s equity mutual funds is at risk of abating as market returns decline, according to Jefferies Financial Group Inc.
A slowdown in households investments into local equities could further weigh on the outlook for Asia’s fourth-largest equity market, which has been sliding since late September amid a deepening earnings slowdown and an exodus of global funds. Still, equity plans took in a net $5.6 billion in January, marking the 47th straight month of inflows.