As per sources who told to the Stock Exchanges, the value of the foreign portfolio investors (FPI) holdings in the domestic equities reached a record USD 555 billion in 2020-21, a whopping USD 105 billion growth between September 2020 and March 2021.

As against this, the value of the domestic institutional investors at USD 203 billion was not even half, according to the data compiled by Bank of America (BofA) Securities. FPIs have put in more money into the markets since then, having invested net USD 7.2 billion till April 16 (Year-To-Date 2021), making the country the only market that has seen net positive inflows in the year, despite a dip in March when it slowed to USD 1.4 billion from USD 3.5 billion in February and USD 2.2 billion in January.

That means so far YTD 2021 they have net added zero investment unlike in all other emerging markets which saw massive outflows.

In 2020-21, FPIs, which have been the main driver of domestic equities, have pumped in a record USD37 billion or Rs 2.75 lakh crore into the equities, the highest in two decades, according to the data from the National Securities Depository.

Previously, in fiscal years 2010, 2011 and 2013, FPI inflows had crossed USD20 billion. Investments zoomed as major central banks pumped in trillions of dollars to try and revive the pandemic-hit economies, flooding markets with liquidity.

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