Forum Views - August 2023

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Dr. Vispi Rusi Bhathena, PhD (h.c.)

Chief Executive Officer

Dr. V. Aditya Srinivas

Chief Operating Officer

and Chief Economist

FORUM VIEWS, AUGUST 2023 edition

The Indian stock markets scaled to all time high on the back of strong foreign institutional buying,

and the strong economic data supporting the market sentiments. The FIIs have invested more than

INR 32,000 crores in the month of June 2023 and in the month of July till the 11th they invested INR

22,000 crores; this has made the market to touch at all-time high. Even the domestic investors

seem to be taking part in the rally as the SIP amount has been consistent to INR 14,700 crores

which shows the confidence of retail investors in the India growth story.

F R O M

THE

BBF SECRETARIAT

The total AUM of the

the retail investors in the long-term growth story of India is quite visible from the fact the way SIP

flows are coming into the markets.

The lowering of inflation and sentiments that rate cut could start at the end of this year has send

positive vibes for the global stock markets. The GST collection for the month of June had again

been robust with more than INR 1.5 lac crores.

Consumer Price Index (CPI) data has slightly increased to 4.81% from 4.25% but which is still less

than the target zone of 6% of RBI. The Index of Industrial Production (IIP) data has improved from

4.2% to 5.2% which shows that the manufacturing activity is rising, and economy is gaining further

momentum.

At the global level also, the Indian economy is the silver line with GDP growth of 6.1% while the

world average is around 2.2% GDP and the US economy growing at 1.3% GDP. This indicates that

the world will witness the growth story of India with the economy gaining close to $ 3.75 Trillion.

Indian Mutual Fund industry has touched INR 44 lac crores. The confidence of

From

to You...

BBF

FORUM VIEWS - AUGUST 2023

On the BBF front:

Day/ Date

Interactive webinar(s) on

Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members

(CMs) to Clearing Corporations (CCs)

Monday, 3rd July 2023

BBF conducted OVER 30 SEMINARS towards investor

education and awareness initiatives which were attended

by MORE THAN 1600 participants.

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