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Indian retail investors seem unperturbed by the ‘FII Winter’

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Even as the Indian stock markets are volatile and foreign institutional investors (FII) are selling their holdings the retail investors are continuing their investment.

“Indian retail investors are resilient. They form a significant part of the market,” Radhika Gupta, Managing Director and CEO, Edelweiss Asset Management Company told IANS.

She said even in the past, retail investors did not exit when markets went down and it is time to stop focusing on what FIIs do.

The Association of Mutual Funds of India (AMFI) estimates the total collections by the industry under the systematic investment plan (SIP) in May 2022 was Rs 12,286 crore, up from Rs11,863 crore collected in the month before that.

The total number of SIP accounts at the end of May 2022 was more than 5.48 crore, up from 5.39 crore, but the number of new SIP accounts opened last month was 19.75 lakh, down from 21.82 lakh accounts in April 2022.

The SIP assets under management (AUM) at the end of May 2022 was Rs 565,706 crore down from Rs 578,086 crore at the end of April 2022, said AMFI.

“This is the first time in many years that investors’ optimism is being tested. Also, the number of retail investors have ballooned in recent years. Many of these are Do-It-Yourself (DIY) investors who rely on ‘finfluencers’ for advice and (often gamified) fintech platforms for execution,” Jayant R Pai, Head Products and Chief Marketing Officer, told IANS.

According to him, such investors are likely to be more unsettled, compared to those who rely on Financial Planners for advice.

“Hence, it is possible that some SIPs may be cancelled in case this continues for a few more months. Perhaps a perceptible uptick in the number of SIPs being cancelled may also serve as a contrarian indicator (of the market bottoming out),” Pai said.

As per AMFI figures, the number of SIPs discontinued/tenure completed last month was 10.36 lakh down from 10.53 lakh in April 2022.

Gupta said the market is structurally upward in the long term.

Queried whether retail investors continue to invest is an off beat trend Gupta refuted that and added the numbers are steady and SIPs are expected to grow.

She also added that India is a big country and more people will enter the market and one should focus on the investment goals rather than looking at what FIIs do.

On the factors that make FIIs to sell out Pai said: “High food and fuel inflation leading to fear of a tighter monetary regime (which is coming to pass now). Fear of emerging market currencies being adversely affected as a result of the tightening. War in Ukraine, catalysing attendant geo-political tensions and light-to-safety.”

The interest rates in their home country will also make FIIs exit the market, Gupta said.

On the quantum sold by FIIs and purchases by the domestic institutional investors (DII) Pai said: “January to June 2022 figures depict that FIIs sold (net) Rs 2.62 lakh crore while DIIs purchased (net) Rs 2.07 lakh crore. Hence the ballast provided by the DIIs played a key role in cushioning the trajectory of the decline. However, the desultory investment environment has ensured that they could not alter the direction.”

He said the DIIs will have to hunker down for a while. However, those who are investing with their financial goals in mind and can remain invested for at least five years from today, ought not to feel too perturbed about the ‘FII winter’.

Business

New TVS Apache RR 310 Hits Indian Market at Rs 2.75 Lakh: All You Need to Know

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TVS has introduced the 2024 edition of its flagship Apache RR 310 in India, starting at Rs 2.75 lakh (ex-showroom). The updated model brings several enhancements, including segment-first aerodynamic winglets integrated into the side fairing, aimed at improving stability and performance.

The latest version of the TVS Apache RR 310 comes with a starting price of Rs 2.75 lakh (ex-showroom) for the Racing Red model. However, this variant does not include the bi-directional quick-shifter. For those looking to add this feature, it will cost approximately Rs 17,000 extra. The 2024 lineup also introduces a new Bomber Grey color option, priced at Rs 2.97 lakh (ex-showroom), offering a stylish and performance-focused upgrade.

The 2024 TVS Apache RR 310 retains its 312cc single-cylinder, liquid-cooled engine with a 6-speed gearbox, but now offers improved performance. The updated model produces 37 bhp at 9,800 rpm and 29 Nm of torque at 7,900 rpm. TVS also claims that it accelerates faster than before, shaving 0.43 seconds off its 0-100 km/h time, making it a more exciting choice for riders looking for speed and agility.

The 2024 TVS Apache RR 310 keeps its familiar trellis frame, supported by upside-down front forks and a rear monoshock for improved handling. Braking is handled by disc brakes. It also comes with a 5-inch TFT display that offers Bluetooth connectivity and navigation.

The updated electronics package includes new features like tyre pressure monitoring, cornering ABS, traction control, and cruise control. While the overall design remains similar, it gets refreshed decals and is available in three colours: Bomber Grey, Racing Red, and Race Replica.

TVS has introduced two performance kits for the new Apache RR 310: the Dynamic kit, priced at Rs 18,000, and the Dynamic Pro kit at Rs 16,000. The Dynamic kit enhances the bike’s handling with fully adjustable suspension, a tyre pressure monitoring system, and a brass-coated drive chain. The Dynamic Pro kit, meanwhile, focuses on safety and stability, offering race-tuned dynamic stability control for better on-road performance. These upgrades allow riders to customize their experience for both performance and safety.

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Business

Jio network down: users are facing problems

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Some Jio users in Mumbai are experiencing network outages, causing the issue to trend on Twitter. According to reports on social media, the disruptions have affected specific areas in the city. One user claimed that the Reliance Jio IDC Data Centre caught fire, potentially causing service interruptions. The user tweeted, “Reliance Jio IDC Data Centre caught fire, some services down due to that.

The network of Reliance Jio, one of the leading telecom companies in India, has been down for the last 1 hour. So users are facing a lot of problems. Many have posted about this on social media and tagged Reliance Jio. Reliance Jio network is down since last 1 hour.

Due to this, many works of Jio users have been stopped. A user posted on X and informed that the Jio service has been shut down due to a fire in the IDC (data center). Repair work is going on here. The network will be restored soon. But Reliance Jio has not given any official information about this yet. Therefore, users are asking when the network will be restored.

Reliance Jio service has been discontinued. Most of the users have no signal in their mobiles. 20 percent reported internet connectivity disruption on Down detector. 14 percent people are facing problems in running Jio fiber. Reliance Jio’s website is also not working properly and users are unable to access the Jio app.

There are more than 10 thousand complaints on Downdetector around 12 noon. More outage issues have been reported from cities like Delhi, Lucknow and Mumbai. Users across the country are complaining about Jio service being down. Jio on X is also trending down. People are sharing memes for Jio.

Reliance Jio services have once again been suspended in many parts of the country. Today i.e. on 17th September it started from Mumbai, the financial capital of the country and now Jio is down in all the cities of the country. Earlier in May and June 2024 also, Jio services were suspended in Mumbai. Users are constantly complaining on social media about Jio being down but there is no concrete solution and assurance from the company yet.

Users on social media claim that Jio services have been suspended across Mumbai. There is a network problem for several hours. Many users have also complained about the broadband service. Outage tracker Downdetector has also confirmed Jio’s outage. According to Downdetector’s map, it has stopped in New Delhi, Lucknow, Nagpur, Cuttack, Hyderabad, Chennai, Patna, Ahmedabad, Kolkata, Guwahati.

More than 10 thousand people have complained on Downdetector in just 1 hour. On this site, 67 percent people complained about lack of signal, 20 percent about mobile internet and 14 percent about Jio Fiber.

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Business

‘Take A Trip To Vietnam For Your iPhone 16’: X User Proposes Cost-Effective Way To Buy The Latest Apple Smartphone

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Apple recently launched its latest iPhone series, the iPhone 16 series. In addition, the company also launched the latest Apple Watch along with the latest version of Apple AirPods.

Trip To Vietnam For Apple

Apple products from time immemorial have been known for their exorbitant and sky-high pricing. Many have often made memes about having to sell their organs to be able to afford one of their iPhones.

Now, with the latest launch, and X user has found a way to cut corners by taking a trip.

According to the user, an aspiring iPhone buyer in India should take a trip to the East Asian nation of Vietnam to be able to get the new iPhone 16 at a cheaper rate.

However, the user also notes that these savings can only be made, if the buyer is intending to buy the advanced iPhone 16 Pro iPhone 16 Pro Max.

Savings Only iPhone 16 Pro

The user said, “Plan your #iPhone16 purchase with a trip to #Vietnam and spend the same amount you would be spending buying it here in India.”

In addition, the user also added, “But the savings work only if you are planning to buy the #iPhone16Pro or the #iPhone16ProMax”.

In addition, the user also surmised an instance of users travelling to the UAE an purchasing these phones.

According to the user, the Visa fees & fight rates don’t make Dubai that lucrative unless flying somewhere via UAE or planning for the #iPhone16ProMax only”.

As per the statistics produced by the user, the most expensive iPhone 16 Pro Max will cost an Indian buyer Rs 1,44,900 a piece. In Vietnam, however, it would cost a buyer Rs 1,18,992.

This marks a difference of Rs 25,908. Meanwhile, in the UAE, particularly in Dubai, the same phone would cost the buyer Rs 1,16,550, marking a difference of Rs 28,350.

The iPhone series will be available in India from September 20, with the pre-order for the phone starting on September 13.

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