MUMBAI:  As per a report by Kotak Institutional Equities, Foreign portfolio investors (FPI) sold stocks in the healthcare and IT sectors in March. Stocks worth USD 223 million were sold last month by the FPI in the healthcare segment, while they pulled out net investments worth USD 330 million in March from IT stocks, showed the 'Foreign fund-flow tracker, April 2021'.

The largest quantum of FPI AUC (assets under custody) came from US-based investors, followed by those from Mauritius and Singapore., while Fund allocations to India by global emerging market (GEM) funds increased to 10.6 percent in March from 10.2 percent in February.

Listed funds saw inflows of USD2.3 billion in March, led by ETF inflows of USD1.5 billion, continuing the trend seen since November 2020.

GEM funds saw inflows of USD1.5 billion, led by ETF inflows of USD940 million. India-dedicated funds saw inflows of USD192 million, driven by ETF inflows of USD313 million, which were offset by USD121 million of non-ETF outflows.

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