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Dear Policyholder,
During the month of August, Indian equities registered mixed performance with NIFTY 50 correcting by 2.5%, while Nifty Mid cap & Nifty Small cap surged by 3.7% & 4.6% respectively. However, domestic markets outperformed both the developed markets (MSCI World down 2.4%) and the emerging markets (MSCI EM down 5.6%). The FII equity inflow in August 2023 (until 30th) was about USD1.57bn as against inflow US$4.2bn in July 2023. On the other hand, DII saw an equity inflow of about US $3.0bn in August 2023 (provisional), as against the previous month outflow of US$0.14bn.
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