Insurance, NPS equity investments plunge 45% to Rs 22,714 crore in September quarter
Indian markets moved lower.
· Economic Times Markets, ET Stocks
Insurance companies and NPS funds have decreased their combined investments in Indian equities by 45%. They invested ₹22,714 crore in the September quarter, compared to ₹41,465 crore prior. Higher bond yields and declining stock prices have shifted their focus towards debt instruments. Mutual funds, on the other hand, continue to invest heavily in equities this quarter.
Market context
- Sector exposure: Insurance.
- The immediate tone of coverage reads negative.
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