FPI inflows highest ever, over Rs 1.4 lakh crore in eight months

FPI inflows highest ever, over Rs 1.4 lakh crore in eight months

Foreign portfolio investors have staged a remarkable comeback after pulling out a record Rs 61,973 crore from Indian equities in March 2020 dragging down the benchmark indices Sensex and Nifty by 23 percent.

In just eight months of the current financial year, net foreign portfolio investment (FPI) into equities jumped by Rs 1,40,295 crore, the highest-ever in any financial year. In 2012-13, net FPIs stood at Rs 1,40,033 crore (the second-highest now).

Foreign portfolio investors include both foreign individuals and foreign institutional investors (FIIs).

In the first 20 days of November, net inflows added up to Rs 44,378 crore, which has led to a 4,267 point or 10.8 percent surge in Sensex.

Inflows started picking up in August with more liberal unlock guidelines, and a faster and wider reopening of the economy. Accordingly, FPIs during August-November add up to Rs 1,03,216 crore, almost three-fourth of the total inflows of Rs 1,40,295 crore in the financial year to date.