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 per cent 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 USD 523 billion as of June 2022 to USD 626 billion at the end of June 2023.
On a quarter-on-quarter basis, the value of such investment rose 15 per cent from USD 542 billion recorded in the three months ended March this year.
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 USD 3.2 billion from the Indian equities in the March quarter, FPIs took a sharp U-tu
| Subscribe To Our Free Newsletter |
