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Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
In terms of sectors, FPIs are likely to buy banking which they have been selling during the last 3 months.
For example, as per the monthly data releases by the Association of Mutual Funds In India since April 2022, smallcap equity funds and midcap equity funds have seen net inflows of Rs 48,650 crore and 33,486 crore respectively. This has pushed up the prices of stocks. Systematic investment plans, the preferred means of investing in mutual funds for individual investors, have been a force to reckon with.
After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15.