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China may be closing in on top-10 FPI spot in India, shows RTI data

Close to breaking into top 10 countries by inflows

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A Category II FPI is typically broad-based in nature and includes mutual funds and pension schemes

Sachin P Mampatta Mumbai
China is moving towards being one of the top 10 countries in terms of foreign portfolio investor (FPI) inflows into India. Its foreign portfolio investments have been rising in India, reveal the numbers obtained through an application Business Standard filed under the Right To Information (RTI) Act with the stock markets regulator.

The quarterly data since the beginning of the pandemic shows it held up during the early days of 2020 when talks of restrictions were doing the rounds. It has since gone up and was at Rs 80,684 crore as of June this year, according to the latest data provided