Value of FPI stock holdings soar by $105 bn in Sept-March: Report
PTI
Mumbai |
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India only market to have seen net positive inflows during the year, despite a dip in March: BoFA Securities
The value of foreign portfolio investors' (FPI) holdings in domestic equities reached a record $555 billion in 2020-21, a whopping $105 billion growth between September 2020 and March 2021, according to a report.
Against this, the value of holdings by domestic institutional investors (DIIs) at $203 billion was not even half, according to the data compiled by Bank of America (BofA) Securities.
FPIs have put more money into the markets since then, having invested a net of $7.2 billion till April 16 (year-to-date 2021), making the country the only market that has seen net positive inflows in the year, despite a dip in March when it slowed to $1.4 billion from $3.5 billion in February and $2.2 billion in January.