Wall of Money Chasing India Stocks Shows Investor Euphoria Alive
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As Indian stock markets breach record highs, investor appetite for risk remains unabated.
Investors plowed 160 billion rupees ($2.5 billion) into the funds in October, a 19th straight month of inflows, data from the Association of Mutual Funds in India show. The 964 billion rupees rupees received by equity funds this fiscal year, which started in April, is more than triple from a year earlier.