From Barun Jha Hong Kong, Sep 21 (PTI) Bullish over the growth prospects of Indian markets, top fund house Reliance Mutual Fund's CEO Sundeep Sikka today said domestic mutual funds in India have seen inflows worth USD 18 billion in the last one year.
"The stock markets have been at life time highs and the domestic institutional investors have invested huge amounts of money in the markets. While foreign investors are investing, domestic asset management companies have seen USD 18 billion of inflows in the last 12 months," he said.
The summit organiser Asia Pacific Investors Cooperation (APIC) CEO Ana Sharp said it is a business platform created by and for Asian institutional investors including pension funds, sovereign wealth funds, government funds, social security systems, and insurance companies.
"These institutions represent APIC's private membership. APIC covers 22 Asia Pacific markets and the members currently present here at the Summit represent USD 10 trillion worth of Assets Under Management," she added. Finance Minister Arun Jaitley delivered keynote address at the summit.