FPI investment in Indian equities surges 15% to $651 bn in sep qtr

Morningstar analysis, the value of foreign portfolio investors' holdings in domestic shares hit $651 billion in the three months that ended in September 2023, a 15% increase from the same time the previous year.

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Strong net FPI inflows and the successful performance of the domestic equity markets may be to blame for this. According to the report, the value of FPIs' investments in Indian equities rose from $566 billion as of September 2022 to $651 billion at the end of September 2023. On a quarter-on-quarter basis, the value of such investment rose 4% from $626 billion recorded in the three months ended June this year. Despite the growth, FPIs' contribution to Indian equity market capitalisation fell marginally during the qu