FPI Investment Data: Foreign portfolio investors (FPIs) have so far invested Rs 8,767 crore in the Indian stock markets in the first month of the current financial year. Prior to this, in the previous financial year 2022-23, FPIs were net sellers. The minutes of the Federal Reserve meeting indicated that the interest rate could be increased by 0.25 per cent in the upcoming monetary review meeting, confident in the stability of the US financial system.
Information from depository data
According to depository data, FPIs have invested a net Rs 8,767 crore in Indian stocks during April 3-13. Earlier in March, FPI had netted Rs 7936 crore in shares. Most of this amount came from GQG Partners of America in Adani group companies. If the investments in Adani group companies are excluded, the net inflow for the last month would be negative.
FPI pulled out Rs 37,631 crore from Indian stock markets in 2022-23
FPI had earlier withdrawn Rs 37,631 crore from the Indian stock markets in 2022-23. FPIs were selling amid aggressive rate hike by central banks globally. In 2021-22, FPI had made a record withdrawal of Rs 1.4 lakh crore from the Indian market. Whereas in 2020-21, FPI had put Rs 2.7 lakh crore in shares and Rs 6,152 crore in 2019-20. So far in April, FPIs have withdrawn Rs 1,085 crore from the debt or bond market.
what do financial experts say
Shrikant Chauhan, head of equity research (retail), Kotak Securities Ltd, said that in view of the tight monetary policy of the US Federal Reserve, FPI flows are expected to remain volatile going forward. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said India has been the most attractive destination for FPIs in emerging markets so far in April. Himanshu Srivastava, associate director-manager research at Morningstar India, said the global outlook has stabilized amid easing concerns over the banking crisis in the US and Europe. Due to this, the flow of FPI has increased in India. He said that apart from this, the value of shares in India has now come to a reasonable level, due to which FPIs are investing money here.
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