Investor’s Change: 2.35 lakh crore rupees growth in 15 days

New Delhi| According to the data of Reserve Bank of India i.e. RBI, Rs 1.12 lakh crore was withdrawn from banks in the first fortnight of October. This money was directly invested in the equity market. In October, the Sensex of Bombay Stock Exchange had fallen by about six percent. This caused huge losses to investors, due to which they started resorting to banks considered safe.

Bombay Stock Exchange (BSE) Sensex was at its peak in September, crossing 85,800. At that time investment was continuously coming into the market. The capital of listed companies had then grown to Rs 478 lakh crore. Reserve Bank figures show that the total deposits of banks in the last fortnight of August before the record of Sensex was Rs 215.50 lakh crore.

According to the data, deposits declined by Rs 45,000 crore to Rs 215.05 lakh crore in the first fortnight of September. But when the market began to decline in late September, deposits increased further. It stood at Rs 219 lakh crore on 4 October and Rs 218 lakh crore on 18 October. From August to October 18, the total debt of banks has increased by four lakh crores while deposits have increased by Rs 5 lakh crores.

Statistics show that from March to October this year, bank deposits have increased by 7.7 per cent to close to Rs 220 lakh crore. But the value of assets under management, or total investment, in mutual funds increased by 25.9 per cent.

47 lakh crore loss…Investors have lost Rs 47 lakh crore due to the ongoing decline in the stock market since October. The total market capitalization on 27 September was Rs 477.90 lakh crore. Now it has come down to Rs 430.60 lakh crore.