MF Ki Khareedari Kam Kyun?
Asal mein, Mutual Funds ne February mein equity mein sirf ₹10,381 Cr lagaye, jo January ke ₹42,355 Cr ke muqable kaafi kam hai. Iska reason hai ki naye paisa schemes mein kam aaya aur market mein volatility bhi zyada thi. Lekin, kuch fund managers cash badha rahe hain taaki jab market thoda gire toh acche stocks kam price par kharid sakein. Jaise Quant Mutual Fund ne bhi apna cash reserve badhaya hai, kyunki unhe lagta hai ki India mein valuations theek ho rahe hain.
FPIs Ka Dhamaka!
Ek taraf MF ka paisa kam ho raha tha, toh doosri taraf FPIs ne apna khazana khol diya! Unhone February mein ₹22,600 Crore se bhi zyada invest kiya, jo last 17 mahine ka sabse bada inflow hai. Lagta hai videshi log Indian markets mein mauka dekh rahe hain.
Tension Kaunsi?
February aur March 2026 mein do badi tensions ne market ko pakad rakha hai. Pehla, West Asia mein badhti hui conflict jisse crude oil ke prices badh rahe hain, Indian Rupee par pressure aa raha hai aur market ki volatility (VIX) badh rahi hai. Doosra, Artificial Intelligence (AI) ka dar. Kai logon ko lagta hai ki AI se IT sector mein jobs kam ho jayengi aur companies ka revenue bhi kam hoga. Is wajah se IT stocks bhi gire hain aur analysts ne bhi rating kam kar di hai.
Market Ka Future Kya Kehta Hai?
Experts ki rai banti hui hai. Morgan Stanley ka kehna hai ki ye market giravat ek mauka hai acche stocks kharidne ka, aur unhone Sensex ka target 95,000 tak ka de diya hai. Par Kotak Institutional Equities thoda careful hai. Unka kehna hai ki earnings growth toh ho sakti hai, par geopolitical risks aur crude oil ke badhte prices dikkat de sakte hain. Nifty ka Price-to-Earnings (P/E) ratio bhi March 2, 2026 ko 22.320 tha, jo average se kam hai par Asian markets se abhi bhi zyada hai.
Hybrid Funds Ka Role
Jab direct MF equity mein paisa kam aa raha hai, toh hybrid funds jaise Balanced Advantage Funds (BAFs) equity mein zyada paisa laga rahe hain. Ye ek tarah se market ko support de raha hai kyunki investors ab diversified portfolios ko prefer kar rahe hain.
Khatre Kaunse Hain?
Market mein abhi bhi risks hain. Agar West Asia mein conflict lamba chala toh crude oil mehnga rahega, jisse inflation aur trade deficit badh sakta hai. Rupee ka girna bhi import ko mehnga karega. Aur AI ka impact IT sector par kitna hoga, ye bhi ek bada sawal hai. Indian stocks abhi bhi apne neighboring countries ke compared mein expensive lagte hain, isliye agar koi badi gadbad hui toh market jaldi gir sakta hai.