FPI secondary market outflows in FY22 highest since FY09 at Rs 46,000 cr

But they have invested over Rs 53,000 cr in the primary market, indicating investors have been reallocating their holdings without bringing in much fresh capital

Foreign portfolio investors (FPIs) have offloaded shares worth Rs 46,000 crore from the secondary market so far this financial year, the most since FY09. They have, however, invested more than Rs 53,000 crore in the primary market in the same period, indicating that the investors have been reallocating their holdings without bringing in much fresh capital.

A substantial portion of foreign money appears to have made its way to initial public offerings (IPOs). Total FPI investment as anchors stood at Rs 24,477 crore, nearly six times that of last year and more than nine times the amount invested in 2019,