FPI holdings in domestic equities declines 6 pc in Q4

The value of foreign portfolio investors' (FPI) holdings in domestic equities hit USD612 billion in the March quarter, down 6% from the previous quarter., as per Morningstar research report.

This was primarily due to a huge sell-off by foreign investors and a slump in Indian equity markets.

The value of FPI investments in Indian equities decreased to USD612 billion at the end of the March quarter, down from USD 654 billion the previous quarter, a drop of around 6%, according to the research.

FPI investments in Indian equities were at USD 552 billion in March 2021.

Consequently, FPIs' contribution to Indian equities market capitalization declined from 18.3 percent to 17.8 percent in the quarter under review.

Apart from other prominent FPIs like offshore insurance companies, hedge funds, and sovereign wealth funds, offshore mutual funds make up a significant portion of overall foreign portfolio investment. FPIs were net sellers of USD 14.59 billion in Indian shares in the March quarter, compared to a net inflow of USD 5.12 billion the previous quarter.

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