FPIs' investment value in Indian equities gains 20% to USD 626 bn in June quarter
The Hindu
FPIs' holdings in Indian equities rose 20% y-o-y to USD 626B in June 2023. Net inflows of USD 12.5B, driven by US rate direction, global inflation & domestic indicators, pushed FPI contribution to 17.33%.
The value of foreign portfolio investors' holdings in the domestic equities reached USD 626 billion in the three months ended June 2023, which was 20% higher from the year-ago period, according to a Morningstar report.
This could be attributed to good performance in the domestic equity markets as well as strong net inflows from foreign portfolio investors (FPIs).
According to the report, the value of FPIs' investments in Indian equities rose from $523 billion as of June 2022 to $626 billion at the end of June 2023.
On a quarter-on-quarter basis, the value of such investment rose 15% from $542 billion recorded in the three months ended March this year.
Explained | Why are FPIs dumping Indian stocks?
This has helped in pushing FPIs' contribution to Indian equity market capitalisation marginally to 17.33 per cent for the quarter under review from 17.27 per cent for the March quarter.
After pulling out funds to the tune of $3.2 billion from the Indian equities in the March quarter, FPIs took a sharp U-turn in the three months ended June and made a strong comeback with a net investment of $12.5 billion.
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