The confidence among retail investors is highest among all categories, findings of a fifth quarterly survey by JPMorgan Asset Management in association with ValueNotes showed.
“The findings of the fifth wave of the Investment Confidence Index (ICI) show that a range of economic factors have dented corporate confidence levels, but retail and advisor confidence has improved across all indicators,” a press release issued by the two firms on Monday said.
As per the key findings of the survey, retail investor confidence continue to be highest among all categories for the third consecutive quarter, and has increased 21.7 points since July 2009 to reach 160 in September.
Optimism among retail investors across all wallet sizes recorded an increase from September 2009 levels, the survey showed. High net-worth individuals (HNI) investors with investible surplus of Rs 25-50 lakh are most confident at 162 points, and have witnessed a run-up of over 19 points since September 2009.
