Are PMS managers adding to the market fall? Anshul Saigal explains
PMS are managed accounts and clients have a greater involvement, points out Anshul Saigal, CIO of Kotak PMS. When the markets are doing well, the PMSs start buying and push the markets up. And when markets are iffy. PMSs sell. Having said that, Plus the DIIs are sitting at on cash that is nearly a decadal high. FII short positions are, even higher than June of last year.
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