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With this, FPIs have taken out Rs 14,580 crore from equities in 2023 so far and invested Rs 4,268 crore in the debt markets during the period.
According to data from the depositories, FPIs started the current financial year on a positive note, and invested Rs 11,630 crore in Indian equities in April.
The stability of the Indian economy compared to other emerging markets and reasonable valuations may continue to attract FPIs to Indian equities.
Foreign portfolio investors (FPIs) infused Rs 11,630 crore in the Indian equity markets in April on the reasonable valuation of stocks and appreciation in the rupee. This came after FPIs infused a net sum of Rs 7,936 crore in equities in March, mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow was negative.